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14201 W Parada Drive Sun City West, AZ 85375

2 Beds 3 Baths 2,033 sqft Built 1994

$395,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $194.29
  • 2 Days on Market
  • MLS # : 6184811
  • Updated Date : 01/24/2021 at 02:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,033 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous, EXPANDED Ventana Model opens the windows to many possibilities. Featuring 2 Master Bedrooms/2.5BA + Den w/Murphy Bed, Formal Living, Powder Room for guests, Kitchen w/Adjacent AZ Family Room, Bay Window Breakfast Nook, and an Addition creating a Flex Space for a 3rd BR-Guest Quarters/''Cave'' Area/Hobby Space. Remodeled kitchen w/island is a chef's delight: granite counters, SS appliances, Gas Cooktop, Wall Oven, Wardrobe Fridge. Gorgeous wood floors accent the spacious MBR w/remodeled bath offering a soothing soaking tub, sep Tile & Glass enclosed Shower, private WC, & huge Walk-in. The Guest Bedroom also has its own remodeled En Suite Bath. Garage has an extra, separate climate controlled bay for golf cart or workshop. Relax in the backyard oasis w/Exp. covered lanai. Owned Sol

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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,372
Property Tax -$385
Property Insurance -$67
HOA -$41
Property Management Fees -$99
CASH FLOW
$66

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.

$395,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.51%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$27,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,698
1$1,6982$1,6993$1,7504$1,8005$2,030
$2,030
RENT COMPS ANALYSIS
  • 14201 W Parada Drive Sun City West, AZ 5
    • 2 beds 3 baths ∙ 2,033 Sqft ∙ Built 1994 2 beds 3 baths ∙ 2,033 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.00
    •  
  • 14805 W Huron Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $0.83
    •  
  • 13707 W Gable Hill Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.81
    •  
  • 14608 W Blackwood Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 13722 W Elmbrook Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1987
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
PROPERTY LISTING DETAILS
Brenda Colleen Ficoturo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184811
Last Updated: 01/24/2021
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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