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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $224.61
- 2 Days on Market
- MLS # : 6197157
- Updated Date : 02/21/2021 at 02:33
CONSTRUCTION
- Beds : 2
- Floor Size : 1,024 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Great Location! 1024 Sq Ft Malibu model with Plantation Shutters, New Wood Plank Laminate Floor (partial), 1 year old refrigerator, new garage cabinetry, New security doors added to exterior doors, 2 Bedrooms 1.75 Baths...large yard! Don't miss this opportunity!!
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PRICE & RENT TRENDS
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$132 | |
| Property Insurance | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$263
|
||
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.
$230,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
11.5
YEARS SAVED
$40,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$1,175
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
13920 W Pinetree Drive Sun City West, AZ 3
- 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,340
- $1.31
-
13709 W Pavillion Drive Sun City West, AZ 1
- 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1989
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,195
- $1.12
-
21614 N 139th Drive Sun City West, AZ 2
- 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1990
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,250
- $1.05
-
19911 N Greenview Drive Sun City West, AZ 4
- 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1992
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,350
- $1.24
-
13534 W Ballad Drive Sun City West, AZ 5
- 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1989
LEASED 02/02/21- Rent
- Rent Per SQFT
- $1,600
- $1.18
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197157
Last Updated: 02/21/2021
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.
