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13103 W Lyric Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,777 sqft Built 1984

$389,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $219.41
  • 2 Days on Market
  • MLS # : 6184985
  • Updated Date : 01/24/2021 at 03:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,777 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFULLY UPDATED HOME WITH GREAT CURB APPEAL! 2 BR 2 BATH WITH LARGE LOT. COVERED DOUBLE DOOR ENTRY *NEW APPLIANCES*GRANITE COUNTERTOPS*BEAUTIFUL WOOD PLANK TILE FLOORING THROUGHOUT*NEW CEILING FANS*NEW LIGHTING*FRESHLY PAINT* LARGE INDOOR LAUNDRY WITH STORAGE CABINETS. MASTER BEDROOM HAS LARGE WALK IN CLOSET WITH ADDITIONAL LINEN CABINET. BEAUTIFUL BATHROOMS (mirrors to be added this coming week).NEW AND UPDATED EVERYTHING! MUST SEE! SLIDING DOORS EXIT TO REAR COVERED PATIO WITH HOT TUB HOOK UP AND VIEW OF THE BEAUTIFULLY MATURED CITRUS TREES. 2 CAR GARAGE HAS BUILT IN CABINETS FOR LOTS OF STORAGE WITH A 220 POWER OUTLET.

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,354
Property Tax -$224
Property Insurance -$62
HOA -$40
Property Management Fees -$99
CASH FLOW
-$119

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.

$389,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.43%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$14,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,5003$1,5004$1,6605$1,700
$1,700
RENT COMPS ANALYSIS
  • 13103 W Lyric Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.93
    •  
  • 12706 W Blue Bonnet Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.76
    •  
  • 13318 W Broken Arrow Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 13326 W Ballad Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 1984
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 21913 N Pedregosa Court Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kari A Bisbee-dyke
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184985
Last Updated: 01/24/2021
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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