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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $159.08
- 5 Days on Market
- MLS # : 6164735
- Updated Date : 11/25/2020 at 11:18
CONSTRUCTION
- Beds : 2
- Floor Size : 1,320 sqft
- Baths : 2 full
Listing Agent
Silver Key Properties, Llc
Listing Agent's Description
Welcome to Sun City! This 2 bedroom, 2 bath home with a 2 car garage is ready to move right in. Block construction, newer energy efficient dual-pane vinyl windows, central A/C and ceiling fans in most of the rooms keeps the home cool in the summer months. Outside the home has low maintenance xeriscaping and partial wood fencing across the back property line. Other notable features include six panel interior doors, stained glass window in the master bath, and tons of storage space. The home is conveniently located in Sun City 55+ age restricted community near shopping, entertainment, and healthcare facilities. **The Yamaha Golf Cart in the garage conveys with the sale.
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$112 | |
| Property Insurance | -$53 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$209,990
PROJECTED PRICE
$1,150
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,397
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,498 |
| Loan Amount | $157,493 |
7.42
YEARS SAVED
$22,577
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,150
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,224
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
12448 N Cherry Hills Drive E Sun City, AZ 4
- 2 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,150
- $0.87
-
12235 N Cherry Hills Drive W Sun City, AZ 1
- 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960
LEASED 02/01/20- Rent
- Rent Per SQFT
- $999
- $0.88
-
12017 W Thunderbird Road Sun City, AZ 2
- 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1960
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.92
-
10519 W Desert Hills Court Sun City, AZ 3
- 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,125
- $0.88
-
12432 N Riviera Drive Sun City, AZ 5
- 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,205
- $1.03
PROPERTY LISTING DETAILS
Silver Key Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164735
Last Updated: 11/25/2020
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.
