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12815 W Flagstone Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,738 sqft Built 1979

$299,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $172.04
  • 4 Days on Market
  • MLS # : 6172354
  • Updated Date : 12/17/2020 at 15:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,738 sqft
  • Baths : 1 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

Highly upgraded energy efficient, move in ready popular Cranbrook model. Recent updates include reverse osmosis, water softener, luxury vinyl flooring in hall, both b aths and main bedroom. Kitchen has high end cabinetry, granite countertops, newer refrigerator. Roof and water heater redone 2017. Solar panels installed 2012 with a fixed rate of $57.16 per mo. Back patio covered and fenced for your pets or? This is a home you will want to look at!

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,103
Property Tax -$172
Property Insurance -$61
HOA -$41
Property Management Fees -$99
CASH FLOW
$124

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.

$299,000

PROJECTED PRICE

$1,600

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$35,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 12815 W Flagstone Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 19014 N 124th Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 18219 N 130th Avenue Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,553 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,553 Sqft ∙ Built 1979
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 19014 N 133rd Avenue Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 13210 W Pomegranate Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Shirley J Mellum
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172354
Last Updated: 12/17/2020
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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