Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $172.41
- 3 Days on Market
- MLS # : 6156276
- Updated Date : 11/06/2020 at 20:03
CONSTRUCTION
- Beds : 2
- Floor Size : 1,160 sqft
- Baths : 1 full , 1 half
Listing Agent
Prosmart Realty
Listing Agent's Description
Relocation is the only reason for this owner to leave this well kept and exceptional home! This special place features an open floor plan, tiled floors throughout, spacious kitchen, over-sized laundry room, 2 car garage with electric door opener and a wall of built in cabinets plus you can enjoy a covered patio with a rod iron fenced in yard. Energy saving upgrades have been done also to make this a truly great value!
SEE MORE
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 | $1,180 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$106 | |
| Property Insurance | -$50 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$180
|
||
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.
$200,000
PROJECTED PRICE
$1,180
PROJECTED RENT
0.59%
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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
10.33
YEARS SAVED
$35,203
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,180
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,177
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
12630 N Blue Ridge Drive Sun City, AZ 3
- 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,180
- $1.02
-
12243 N Balboa Drive Sun City, AZ 1
- 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,050
- $0.95
-
12407 N Cantata Court Sun City, AZ 2
- 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,125
- $0.97
-
10020 W Coggins Drive Sun City, AZ 4
- 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,250
- $1.05
-
12634 N Blue Ridge Drive Sun City, AZ 5
- 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,270
- $1.09
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156276
Last Updated: 11/06/2020
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.
