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12914 W Chapala Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,283 sqft Built 2006

$285,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $222.14
  • 3 Days on Market
  • MLS # : 6184609
  • Updated Date : 01/22/2021 at 22:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,283 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Your home sweet home is here! Wonderful single level home with 2 car garage is perfect for you! Enjoy privacy & secluded feel on this fantastic location at Corte Bella community. Starting with the gated courtyard with lighted columns, privacy wall, flagstone design floor, decorator security door, plantation shutters throughout and so much more. Charming kitchen features matching appliances, oak cabinetry with crown moldings, and an island with breakfast bar. The lovely master bedroom features its own private bath with a spacious walk-in closet. Out the back, the extended gated patio features a built-in planter box, green lush turf area and privacy screen. Built-in cabinets in garage. Gated community, near restaurants and more. What are you waiting for? Call now as this won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k386k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10182617

* 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
Zuni Hills Elementary School Primary Regular 849 40 7
Zuni Hills Elementary School Middle Regular 849 40 7
Liberty High School High Regular 2,141 93 6

Zuni Hills Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Zuni Hills Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$990
Property Tax -$262
Property Insurance -$52
HOA -$43
Property Management Fees -$99
CASH FLOW
$264

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$40,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7004$1,7105$1,800
$1,800
RENT COMPS ANALYSIS
  • 12914 W Chapala Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.33
    •  
  • 22446 N San Ramon Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.25
    •  
  • 13534 W Ballad Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1989
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 22224 N Arrellaga Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,351 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,351 Sqft ∙ Built 2004
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.26
    •  
  • 12930 W Micheltorena Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2005
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Brett Tanner
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184609
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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