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14217 W Colt Lane Sun City West, AZ 85375

2 Beds 2 Baths 1,438 sqft Built 1994

$269,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $187.69
  • 4 Days on Market
  • MLS # : 6167070
  • Updated Date : 12/03/2020 at 15:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,438 sqft
  • Baths : 1 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

If you are looking for that perfect smaller home but not to small, then you are gonna want to see this really nice Alpine model home. This home comes completely furnished, all you have to do is bring your clothes and toothbrush. This light and bright 2 bed, 1 3/4 bath home has plantation shutters throughout, a block fenced backyard, north/south exposure, Newer AC/furnace 2017.

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$996
Property Tax -$263
Property Insurance -$55
HOA -$161
Property Management Fees -$99
CASH FLOW
-$184

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.

$269,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.52%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,449

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4753$1,4954$1,5005$1,699
$1,699
RENT COMPS ANALYSIS
  • 14217 W Colt Lane Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.97
    •  
  • 14218 W Via Manana -- Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,555 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,555 Sqft ∙ Built 1994
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 22509 N Homestead Lane Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 14221 W Territorial Lane Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 13623 W Whitewood Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,586 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,586 Sqft ∙ Built 1989
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.07
    •  
PROPERTY LISTING DETAILS
Andrea Bartsch
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167070
Last Updated: 12/03/2020
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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