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14010 N 103rd Avenue Sun City, AZ 85351

2 Beds 2 Baths 2,013 sqft Built 1970

INVESTimate

$305,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$334,890  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $151.52
  • 5 Days on Market
  • MLS # : 6117807
  • Updated Date : 08/22/2020 at 12:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,013 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This home is a MUST SEE! Beautifully remodeled in 2018 it features the sought after open concept living area. All SS appliances, granite,42'' cabinets and large island describe this incredible kitchen. In addition, this home has a den/office, a large dining room and a bonus room lined with floor to ceiling storage cabinets and plenty of counter space. The master bath has a walk in shower and the closet has been enlarged to accommodate more storage.Throughout the house there is neutral ceramic tile, paint and carpet making it move in ready!Outside there is a above ground swim spa and desert landscaping makes yard work easy. Close to Boswell Hospital , sports area , shopping and restaurants this home has it all! Come see for yourself.

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.
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,125
Property Tax -$162
Property Insurance -$66
HOA -$41
Property Management Fees -$99
CASH FLOW
-$164

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.

$305,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,334

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,3203$1,3304$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 14010 N 103rd Avenue Sun City, 3
    • 2 beds 2 baths ∙ 2,013 Sqft ∙ Built 1970 2 beds 2 baths ∙ 2,013 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.66
    •  
  • 10653 W Saratoga Circle Sun City, 1
    • 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1969
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.59
    •  
  • 14426 N Bolivar Drive Sun City, 2
    • 2 beds 3 baths ∙ 1,941 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,941 Sqft ∙ Built 1971
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.68
    •  
  • 15602 N 105th Drive Sun City, 4
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 12406 N 98th Avenue Sun City, 5
    • 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
PROPERTY LISTING DETAILS
Jo Christensen
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117807
Last Updated: 08/22/2020
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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