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16629 N Orchard Hills Drive Sun City, AZ 85351

3 Beds 2 Baths 1,910 sqft Built 1974

$320,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $167.54
  • 6 Days on Market
  • MLS # : 6175214
  • Updated Date : 12/29/2020 at 11:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,910 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Looking for a new place to call home? This incredible single-story revamped home located on a desirable community of Sun City! Offering you a 3 bedroom, 2 full baths, rock landscaping, and a huge lot. Fabulous interior is complete with, admirable living/dining areas, and neutral paint colors, and celling fans throughout the entire home. Well upgraded elegant kitchen includes, Quartz countertops, recessed lighting, ample cabinetry, and lovely upgraded stainless steel appliances.You will absolutely love the cozy master suite comprised of a private and charming walk in tiled shower. Perfect sized backyard includes a patio, designated area for the BBQ grill for outdoor cooking and large fruit trees perfect size for enjoying outside time with family. Look no further. Schedule your showing today

SEE MORE

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.
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,181
Property Tax -$170
Property Insurance -$64
HOA -$41
Property Management Fees -$99
CASH FLOW
-$45

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.

$320,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.47%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,6003$1,6504$1,6755$1,795
$1,795
RENT COMPS ANALYSIS
  • 16629 N Orchard Hills Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.79
    •  
  • 9720 W Briarwood Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 8977 W Tierra Buena Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 8929 W Davis Road Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 16106 N 90th Avenue Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Edward S Robles
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175214
Last Updated: 12/29/2020
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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