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12448 N Cherry Hills Drive E Sun City, AZ 85351

2 Beds 2 Baths 1,320 sqft Built 1960

$209,990

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
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.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$188,991$230,989$209,990

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

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

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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,397

INVESTMENT

$61,397

Down Payment
$52,498
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,498
Loan Amount $157,493
See What Happens When You Reinvest Cash Flow

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
$999
1$9992$1,1003$1,1254$1,1505$1,205
$1,205
RENT COMPS ANALYSIS
  • 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
Cindie Snell
Silver Key Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164735
Last Updated: 11/25/2020
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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