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14702 W Heritage Drive Sun City West, AZ 85375

3 Beds 2 Baths 1,907 sqft Built 1990

$350,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $183.53
  • 3 Days on Market
  • MLS # : 6166889
  • Updated Date : 12/05/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,907 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

3 bedroom 1.75 bath EXPANDED Hudson. Split floor plan. Nicely sized living areas with vaulted ceilings. Solar tube in kitchen. Corner lot with N/S orientation with a north facing screened back porch and south facing open front patio. New roof 2018 (except AZ room addition). Be sure to see this clean home with plenty of livable space! Mature fruit trees: orange, tangelo, tangerine, lemon, grapefruit.

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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$315,000$385,000$350,000

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 -$1,291
Property Tax -$201
Property Insurance -$64
HOA -$41
Property Management Fees -$99
CASH FLOW
-$307

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.

$350,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,883

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
  • $0.73

    LIST RENT PER SQFT
  • $1,425

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3903$1,4994$1,4995$1,550
$1,550
RENT COMPS ANALYSIS
  • 14702 W Heritage Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.73
    •  
  • 15015 W Heritage Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.65
    •  
  • 14022 W Caballero Drive Sun City West, AZ 3
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1995
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 21602 N 142nd Drive Sun City West, AZ 4
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1989
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.81
    •  
  • 15809 W La Paloma Drive Surprise, AZ 5
    • 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,117 Sqft ∙ Built 1998
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
PROPERTY LISTING DETAILS
Eileen Freydberg
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166889
Last Updated: 12/05/2020
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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