Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14940 W Alpaca Drive Sun City West, AZ 85375

2 Beds 2 Baths 2,276 sqft Built 1992

$300,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $131.81
  • 2 Days on Market
  • MLS # : 6153193
  • Updated Date : 11/07/2020 at 13:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Sandoval model in Sun City West with front court yard & double door entry, 2 bedroom 2 bathroom with added office & built in cabinets and desk, High ceilings & lots of windows, formal liv/din area, great room with built in cabinets open to kitchen with light cabinets, built in pantry, white counter tops & appliances, breakfast bar & breakfast nook with bay window. Tile & carpet T/O, large owner suite with double door entry & bay window, plantation shutters, double sink vanity, linen cabinet & huge walkin closet, separate soaking tub & walk in shower. Guest room has plenty of closet space, guest bathroom with tub/shower. Huge extended screened in patio with roll a shields shutters for security, plus open covered patio. Lots of mature landscape, 2 car garage with built in cabinets/deep sink.

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,107
Property Tax -$178
Property Insurance -$72
HOA -$41
Property Management Fees -$99
CASH FLOW
$273

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.

$300,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$53,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6983$1,6994$1,7505$1,770
$1,770
RENT COMPS ANALYSIS
  • 14940 W Alpaca Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,276 Sqft ∙ Built 1992 2 beds 2 baths ∙ 2,276 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.78
    •  
  • 16417 W Desert Lily Drive Surprise, AZ 1
    • 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 14805 W Huron Drive Sun City West, AZ 2
    • 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 3
    • 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
    •  
  • 20029 N Cielo Court Surprise, AZ 4
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sharon Mason
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153193
Last Updated: 11/07/2020
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.

BESbswy