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13622 W Gemstone Drive Sun City West, AZ 85375

3 Beds 2 Baths 1,963 sqft Built 1986

$349,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $178.04
  • 2 Days on Market
  • MLS # : 6168133
  • Updated Date : 12/05/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 1 full , 1 half
Listing Agent

Rethink Real Estate

Listing Agent's Description

Popular Capistrano, corner lot, with bonus room/ 3rd bedroom w cabinets & closet. Open concept floorplan with beautiful archways, no carpet, new plank tile flooring, huge island with new granite countertops, stylish backsplash, new upgraded cabinets, new S/S appliances and induction cook-top, custom microwave, new faucet, extra wall cabinet . You will love the vaulted ceilings and upgraded ceiling fans & light fixtures, new master bathroom double vanity with granite countertops, new tiled walk-in shower and tiled huge master closet. Large laundry room features cabinets & Samsung washer/dryer. Nicely landscaped yard, upgraded irrigation system, new recirculating hot water system, 80 gal water heater w paid solar panel. Spacious rear screened-in patio. Roof replaced 2019. Many extras!

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
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,290
Property Tax -$201
Property Insurance -$65
HOA -$41
Property Management Fees -$99
CASH FLOW
-$156

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.

$349,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,466

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
  • $1,718

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4853$1,5504$1,5505$1,625
$1,625
RENT COMPS ANALYSIS
  • 13622 W Gemstone Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14391 W Carlin Drive Surprise, AZ 2
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1997
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.87
    •  
  • 18001 N 143rd Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 13517 W Young Street Surprise, AZ 4
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 16450 N Naegel Drive Surprise, AZ 5
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.84
    •  
PROPERTY LISTING DETAILS
Joan Morin
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168133
Last Updated: 12/05/2020
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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