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17602 N Bobwhite Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,691 sqft Built 1986

$297,500

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $175.93
  • 5 Days on Market
  • MLS # : 6159084
  • Updated Date : 11/13/2020 at 12:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,691 sqft
  • Baths : 1 full , 1 half
Listing Agent

Long Realty West Valley

Listing Agent's Description

Here is the lovely desert cottage you have been looking for! Well located in the desirable active adult community of Sun City West, AZ! You will appreciate this well maintained home with all-tile (on the diagonal!) flooring, an added large heated/cooled Arizona room. There are several custom touches that give this home that cool southwest feeling from the towel racks, designer painted accent wall, to the light fixtures and don't miss the custom switchplates in the kitchen. There are 5 ceiling fans, a deep single basin kitchen sink, an inviting covered back patio sitting pretty on a large lot that even has a putting green to brush up on your skills in your spare time. A great place to be while you enjoy the amenities of the Sun City West community.

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
 

$267,750$327,250$297,500

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,098
Property Tax -$171
Property Insurance -$60
HOA -$41
Property Management Fees -$99
CASH FLOW
-$99

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.

$297,500

PROJECTED PRICE

$1,370

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$84,588

INVESTMENT

$84,588

Down Payment
$74,375
Rehab Estimate
$5,750
Closing Costs
$4,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,375
Loan Amount $223,125
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3703$1,5004$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 17602 N Bobwhite Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.81
    •  
  • 18019 N 132nd Avenue Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 18021 N 136th Avenue Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 19014 N 133rd Avenue Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 13502 W White Rock Drive Sun City West, AZ 5
    • 2 beds 3 baths ∙ 1,678 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,678 Sqft ∙ Built 1995
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
PROPERTY LISTING DETAILS
Deborah Pastori
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159084
Last Updated: 11/13/2020
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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