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12411 N Augusta Drive Sun City, AZ 85351

2 Beds 2 Baths 1,277 sqft Built 1959

$240,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $187.94
  • 2 Days on Market
  • MLS # : 6212978
  • Updated Date : 03/26/2021 at 22:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,277 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

ON THE GOLF COURSE! Nicely maintained home on Sun City North golf course. Great floor plan for entertaining friends & family. 2 Bedrooms, 2 Baths,inside laundry, plenty of storage too. Attached 1 car garage. Nice size covered patio. Furnace/AC approx. 5 yrs old. Sewer line has been replaced. Do not miss out on this opportunity!PLEASE schedule appt after 12 noon to show.Interior photos coming soon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$834
Property Tax -$128
Property Insurance -$52
HOA -$41
Property Management Fees -$99
CASH FLOW
$67

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.

$240,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$20,367

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,220

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,271

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1903$1,2004$1,2205$1,325
$1,325
RENT COMPS ANALYSIS
  • 12411 N Augusta Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 1959 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.96
    •  
  • 10701 W Cherry Hills Drive W Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 10530 W Alabama Avenue Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,189 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,189 Sqft ∙ Built 1960
    property image
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.00
    •  
  • 11006 W Canterbury Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 12665 N Augusta Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960
    property image
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.96
    •  
PROPERTY LISTING DETAILS
Karen Grieser
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212978
Last Updated: 03/26/2021
support@investimateroi.com

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.

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