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15150 W Las Brizas Lane Sun City West, AZ 85375

2 Beds 2 Baths 1,609 sqft Built 1997

$385,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $239.28
  • 5 Days on Market
  • MLS # : 6200160
  • Updated Date : 02/28/2021 at 15:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,609 sqft
  • Baths : 1 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

This lovely home on Desert Trails Golf course boasts an open floor plan. This Havasu has 1609 sq. ft. of functional space with North/South orientation, a great Golf Course view on #6 Fairway & mountain views from the Patio. The FULLY paid for, 20-yr leased Solar contract is in year 9 with very low monthly bills or credits back. This home has been lovingly maintained by same owners for 20 years and has many upgrades. New roof underlayment in 2012 prior to solar panel installation. New HVAC in 2016, Water Heater 2020, Kitchen & bathrooms partially upgraded w/newer white appliances, exterior painted in 2017, all Tile flooring except carpet in bedrooms, Plantation Shutters thru out. This home offers a great AZ lifestyle to the lucky new owners. Most furnishings available outside of escrow!

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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$346,500$423,500$385,000

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 -$1,337
Property Tax -$375
Property Insurance -$59
HOA -$41
Property Management Fees -$99
CASH FLOW
-$141

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.

$385,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.46%

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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,077

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
  • $1.1

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5004$1,7505$1,770
$1,770
RENT COMPS ANALYSIS
  • 15150 W Las Brizas Lane Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.10
    •  
  • 23009 N Adkison Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 15357 W Via Montoya -- Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 15619 W Greystone Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 15138 W Las Brizas Lane Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,842 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,842 Sqft ∙ Built 1997
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Inderjit Mcmanus
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200160
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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