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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $124.30
- 6 Days on Market
- MLS # : 6185957
- Updated Date : 01/26/2021 at 21:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,333 sqft
- Baths : 2 full
Listing Agent
Novus Realty Agency
Listing Agent's Description
NO HOA!!!! GORGEOUS AND SPACIOUS 3 BEDROOM 2 BATHROOM HOME COMPLETE WITH POOL! THE WEATHER IS COLD NOW BUT IT WON'T BE LONG UNTIL THE STATE HEATS UP AND A DIP IN A COOL SPARKLING POOL WILL BE THE BEST FEELING IN THE WORLD! MINUTES AWAY FROM THE FREEWAY AND A HUGE LOT FOR YOUR OWN PRIVATE DESERT OASIS. THE HOME ITSELF BOASTS OVER 2,000 SQ FT! NOT ONLY IS THIS GORGEOUS HOME NEAR THE FREEWAY BUT ALSO SHOPPING CENTERS, GOLF COURSE, FINE DINING, AND MORE! THIS HOME HAS IT ALL AND PICTURES DO NOT DO IT JUSTICE! MUST SEE IN PERSON TO APPRECIATE!!! AGENTS PLEASE TAKE A SPECIAL LOOK AT THE PRIVATE REMARKS AS THEY ARE OF UTMOST IMPORTANCE AND WILL MAKE SHOWINGS GO INFINITELY SMOOTHER! DON'T HESISTATE AND CALL NOW BEFORE THIS GOLDEN OPPORTUNITY IS GONE!!!
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PRICE & RENT TRENDS
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$189 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$442
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$290,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
13
YEARS SAVED
$60,427
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,656
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
12319 W Rock Springs Drive Sun City West, AZ 5
- 3 beds 2 baths ∙ 2,333 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,333 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,810
- $0.78
-
12826 W Crystal Lake Drive Sun City West, AZ 1
- 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,485
- $0.69
-
13448 W Gable Hill Drive Sun City West, AZ 2
- 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,550
- $0.62
-
17814 N Conquistador Drive Sun City West, AZ 3
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979
![property image]()
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
18095 N Coyote Lakes Parkway Surprise, AZ 4
- 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996
![property image]()
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,675
- $0.79
PROPERTY LISTING DETAILS
Novus Realty Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185957
Last Updated: 01/26/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
