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16222 N Meadow Park Drive Sun City, AZ 85351

2 Beds 2 Baths 1,727 sqft Built 1974

$274,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $159.18
  • 2 Days on Market
  • MLS # : 6160767
  • Updated Date : 11/14/2020 at 22:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,727 sqft
  • Baths : 2 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Stop the car! The perfect Sun City home is available for you. Absolutely IMMACULATE in everyway. Lovingly maintained by current owners for last 25 years! Gorgeous hardwood floors though out. Updated master bath.Roof replaced 2018 & has trasferrable warranty. Dual pane vinyl frame windows. NOTE-Square footage including AZ room is 2231sf. AZ room was it's own AC and freestanding heating unit.

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PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,014
Property Tax -$146
Property Insurance -$61
HOA -$41
Property Management Fees -$99
CASH FLOW
$79

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.

$274,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$28,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3503$1,3504$1,3505$1,440
$1,440
RENT COMPS ANALYSIS
  • 16222 N Meadow Park Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,727 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,727 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.83
    •  
  • 16824 N Pine Valley Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.68
    •  
  • 9231 W Greenway Road Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 9519 W Hidden Valley Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 8762 W Saint John Road Peoria, AZ 4
    • 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Steven Moore
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160767
Last Updated: 11/14/2020
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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