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12819 W Jadestone Drive Sun City West, AZ 85375

3 Beds 2 Baths 2,145 sqft Built 1979

INVESTimate

$342,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$367,958  ( +7.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $159.44
  • 6 Days on Market
  • MLS # : 6120888
  • Updated Date : 08/21/2020 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 2 full
Listing Agent

Revinre

Listing Agent's Description

Sun City West complete remodel! Everything is new including the Windows and HVAC system. High efficiency recessed LED lighting has been installed throughout the interior and exterior. This is a must see home with a new open floor plan. Get it before its gone. Take a look at this 3 bed 2 bath completely remodeled beauty that sits directly across the street from the community center. This home boasts a new open floor concept with a large open kitchen. Energy efficiency speaks loudly with all new high efficiency HVAC System, high efficiency windows, high efficiency lighting throughout the home and in the Arizona room, 3 Natural Light Skylights! Also, new plumbing, custom cabinets, luxury all purpose vinyl flooring, carpet, interior and exterior paint, electrical, and all new appliances.

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
 

$307,800$376,200$342,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,262
Property Tax -$197
Property Insurance -$69
HOA -$40
Property Management Fees -$99
CASH FLOW
-$177

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.

$342,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,380

INVESTMENT

$96,380

Down Payment
$85,500
Rehab Estimate
$5,750
Closing Costs
$5,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,262

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,500
Loan Amount $256,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4854$1,4905$1,500
$1,500
RENT COMPS ANALYSIS
  • 12819 W Jadestone Drive Sun City West, 4
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.69
    •  
  • 13227 W Marble Drive Sun City West, 1
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1979
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.70
    •  
  • 12607 W Crystal Lake Drive Sun City West, 2
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 12826 W Crystal Lake Drive Sun City West, 3
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.69
    •  
  • 19310 N 115th Drive Surprise, 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1997
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Michael J Ellis
Revinre
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120888
Last Updated: 08/21/2020
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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