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12514 W Flagstone Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,140 sqft Built 1983

$225,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $197.37
  • 3 Days on Market
  • MLS # : 6176174
  • Updated Date : 01/02/2021 at 19:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,140 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

New carpet in great room & bedrooms will make this diamond shine bright! New AC in 2016. Updated tile throughout, rocker light switches, new high rise toilets, & ceiling fans. Fabulous open floor plan with huge great room, vaulted ceilings, galley kitchen, spacious dining room, & 2 oversized bedrooms! Tons of closet and storage space. The large screened-in patio is a perfect place to enjoy the Arizona sunshine! Huge laundry room is multi-functional. It can be used as an office, craft room, extra pantry or storage space, or even a bunk-bed room for the grandkids!

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$830
Property Tax -$129
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
$102

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.

$225,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.54%

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$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$14k

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$27,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,208

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2004$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 12514 W Flagstone Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12415 Cougar Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.01
    •  
  • 12742 W Crystal Lake Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 12411 W Candlelight Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1980
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 19810 N 124th Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Holly Morris
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176174
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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