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14212 N Buttercup Drive Sun City, AZ 85351

2 Beds 2 Baths 1,299 sqft Built 1971

INVESTimate

$234,000

List Price

$1,220

$1,098 - $1,342

Rent Est.

$256,932  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $180.14
  • 7 Days on Market
  • MLS # : 6119866
  • Updated Date : 08/20/2020 at 11:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,299 sqft
  • Baths : 1 full , 1 half
Listing Agent

Arizona Premier Realty Homes & Land, Llc

Listing Agent's Description

Located in the middle of Sun City, an age restricted 55+ community.This, well-maintained home w/2 car garage and tons of storage. Updates include, new windows,, new kitchen cabinets with granite counters. Guest & master bathes with updated vanities.Plus, an easy to care for yard in the front & back.A SOLAR LEASE THAT ACTUALLY SAVES YOU MONEY ON YOUR APS ELECTRIC BILL. Along with easy access to the US-60, L101, and all the amenities that Sun City has to offer.

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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.
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$863
Property Tax -$125
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$81

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.

$234,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$26,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,237

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2153$1,2204$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 14212 N Buttercup Drive Sun City, 3
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.94
    •  
  • 9901 W Desert Forest Circle Sun City, 1
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 13622 N 98th Avenue #f Sun City, 2
    • 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,215
    • $1.03
    •  
  • 14405 N Cameo Way Sun City, 4
    • 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 1970
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 13807 N Tan Tara Drive Sun City, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Larry Vogt
Arizona Premier Realty Homes & Land, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119866
Last Updated: 08/20/2020
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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