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13816 N 103rd Way Sun City, AZ 85351

2 Beds 2 Baths 1,149 sqft Built 1970

$225,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $195.82
  • 5 Days on Market
  • MLS # : 6161983
  • Updated Date : 11/19/2020 at 11:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Super Opportunity in a great Sun City location. Culdesac plus generous size, low maintenence lot offering fabulous privacy. Entertain the family or guests with large covered patio. Off the back covered patio, there is an addition with a 154 sqft enclosed laundry room including separate storage space. Enter home to a spacious light and bright family room and practical eat in kitchen. Large dining room or Arizona room offers ample space for ones desires and or hobby. Kitchen also offers abundance of cabinetry, stainless steel appliances, and a pantry. Off the KItchen is a 3/4 bath making the home a comfortable 2 bed and 2 bath opportunity. Large carport could be converted to garage. A nice home in a convenient location makes this a must see..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$830
Property Tax -$120
Property Insurance -$50
HOA -$41
Property Management Fees -$99
CASH FLOW
$21

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.

$225,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,152

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2003$1,2504$1,3005$1,400
$1,400
RENT COMPS ANALYSIS
  • 13816 N 103rd Way Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $1.01
    •  
  • 10833 W Santa Fe Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,221 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,221 Sqft ∙ Built 1976
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.98
    •  
  • 13807 N Tan Tara Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 13225 N Cedar Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 13625 N Tan Tara Point Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Lee Moore Jr
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161983
Last Updated: 11/19/2020
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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