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14703 W Ravenswood Drive Sun City West, AZ 85375

2 Beds 3 Baths 2,580 sqft Built 1990

$579,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $224.77
  • 2 Days on Market
  • MLS # : 6181992
  • Updated Date : 01/16/2021 at 17:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,580 sqft
  • Baths : 2 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

*Beautiful Montecito with 2580 Sq.Ft. of comfortable living space*This home is on the 6th hole/mid fairway of Grandview golf course with amazing views of the lake and mountains*Private front court yard with double gate entry and pebble tech finished floors*6 panel doors*Plantation shutters throughout*Kitchen offer white cabinets with pulls/knobs, GE Profile appliances, quartz counter tops, tile floors and recess lights*Large master suite with double door entry, vaulted ceilings, Berber carpet/tile floors and access to front courtyard*Full master bath with dual sinks, 12'' tile floors and walk-in closet*Family room with tile floors and gas fireplace*Dining/living room with 20'' tile floors and large sliding door*2.5 car garage*Large covered patio with flagstone floors and incredible views*

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
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,014
Property Tax -$334
Property Insurance -$77
HOA -$41
Property Management Fees -$99
CASH FLOW
-$25

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.

$579,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.44%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$33,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,795
$1,795
RENT COMPS ANALYSIS
  • 14703 W Ravenswood Drive Sun City West, AZ 1
    • 2 beds 3 baths ∙ 2,580 Sqft ∙ Built 1990 2 beds 3 baths ∙ 2,580 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13403 W Cabrillo Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 2,335 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,335 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 19631 N White Rock Drive Sun City West, AZ 3
    • 2 beds 3 baths ∙ 2,656 Sqft ∙ Built 1992 2 beds 3 baths ∙ 2,656 Sqft ∙ Built 1992
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
PROPERTY LISTING DETAILS
Michael Reppy
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181992
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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