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12738 W Banyan Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,874 sqft Built 1980

$365,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $194.77
  • 1 Days on Market
  • MLS # : 6157885
  • Updated Date : 11/07/2020 at 21:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous upgraded Archer model features Remodeled Kitchen & Baths with New Flooring, Baseboards, Paint T/O. Kitchen has New Cabinets w/ Granite Counters & Breakfast Bar, New S/S Range, D/W, Microwave, Sink & Faucet.Master suite has a walk-in closet & Expanded Bath w/ New Vanity, Granite Cntr & Mirror backed by a unique feature wall. Washer/Dryer include in the Laundry/Hobby room which also features an 82-gal Solar Water Heater! The home is powered by a Tesla Solar Systerm that provides 4 kW of power. The Lease is $59.86/mo. Situated on nearly a 1/4-acre N/S lot, This home has a Private Enclosed Patio, Fruit Trees, and is directly across the street from PebbleBrook Golf Club and down the street from the Aquatic Center. Don't miss this one!

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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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,347
Property Tax -$210
Property Insurance -$64
HOA -$41
Property Management Fees -$99
CASH FLOW
-$400

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.

$365,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.37%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,614

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
  • $1,354

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1753$1,2994$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 12738 W Banyan Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,874 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,874 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12803 W Ashwood Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,766 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,766 Sqft ∙ Built 1979
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.67
    •  
  • 18019 N 132nd Avenue Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 12819 W Beechwood Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1979
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.73
    •  
  • 12418 W Bonanza Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Rex Benson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157885
Last Updated: 11/07/2020
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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