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14031 N Cameo Drive Sun City, AZ 85351

2 Beds 2 Baths 1,765 sqft Built 1971

$420,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $237.96
  • 3 Days on Market
  • MLS # : 6187264
  • Updated Date : 01/29/2021 at 21:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This Georgetown model has been highly modified from the stucco exterior to the remodeled kitchen, this beautiful home deserves the attention of the sophisticated buyer. Beautiful tile throughout this home in all the right places. Windows have been updated, extra insulation in the attic, a beautiful covered patio overlooking the 14th green wired with cable tv, ceiling fan and brick pavers. Granite kitchen counters with all new cabinets, No popcorn ceilings,

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,459
Property Tax -$224
Property Insurance -$62
HOA -$4
Property Management Fees -$99
CASH FLOW
-$377

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.

$420,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3503$1,3504$1,3505$1,470
$1,470
RENT COMPS ANALYSIS
  • 14031 N Cameo Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.83
    •  
  • 14426 N Bolivar Drive Sun City, AZ 1
    • 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
    •  
  • 9231 W Greenway Road Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 10339 W Desert Forest Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 14217 N Bolivar Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,479 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,479 Sqft ∙ Built 1971
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cam T Wallaert
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187264
Last Updated: 01/29/2021
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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