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12428 W Morning Dove Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,266 sqft Built 1984

$229,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $180.88
  • 5 Days on Market
  • MLS # : 6174072
  • Updated Date : 12/26/2020 at 10:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

UPDATED MOCCASIN MODEL, NEWER WINDOWS, UPDATED KITCHEN NEWER CABINETS, AND APPLIANCES. SPLIT BEDROOMS, BONUS ROOM, NORTH / SOUTH EXPOSURE, NEWER PATIO DOORS ,VAULTED CEILING, FENCE IN BACKYARD. A MUST SEE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10132109

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$845
Property Tax -$132
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$193

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.

$229,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$38,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,3204$1,3505$1,375
$1,375
RENT COMPS ANALYSIS
  • 12428 W Morning Dove Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.04
    •  
  • 12742 W Crystal Lake Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 12403 W Eveningside Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1985
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.14
    •  
  • 12448 W Fieldstone Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,382 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,382 Sqft ∙ Built 1984
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 12414 W Tigerseye Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1984
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.99
    •  
PROPERTY LISTING DETAILS
Evelyn Burrier
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174072
Last Updated: 12/26/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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