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17415 N Lime Rock Drive Sun City, AZ 85373

2 Beds 2 Baths 1,508 sqft Built 1978

$255,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $169.10
  • 2 Days on Market
  • MLS # : 6163632
  • Updated Date : 11/21/2020 at 16:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

Beautiful move-in ready home in Sun City with curb appeal! This charming home boasts an array of upgrades! Wood style tile and this open floorplan are only a few of the features you will enjoy. Gorgeous granite countertops, stainless steel appliances and white cabinetry finish your new kitchen off with the utmost taste. Large windows host perfect natural lighting! Enjoy the outdoors on your partially covered patio and zero maintenance yard. New garage door, and roof in 2018. This perfect home is located in an established neighborhood and near all the amenities you will need! Don't miss out on this opportunity!

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.
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$941
Property Tax -$136
Property Insurance -$57
HOA -$41
Property Management Fees -$99
CASH FLOW
$137

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.

$255,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.55%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$33,509

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
  • $1,557

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3004$1,3505$1,600
$1,600
RENT COMPS ANALYSIS
  • 17415 N Lime Rock Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17603 N Hitching Post Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.08
    •  
  • 8770 W Athens Street Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 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
    •  
  • 18801 N 96th Avenue Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
Nick Biggs
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163632
Last Updated: 11/21/2020
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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