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17603 N Hitching Post Drive Sun City, AZ 85373

2 Beds 2 Baths 1,160 sqft Built 1978

$240,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $206.90
  • 3 Days on Market
  • MLS # : 6196709
  • Updated Date : 02/19/2021 at 21:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,160 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Awesome move-in ready home in Sun City. Located on an exceptionally quiet street, this home has it all. Low-maintenance, clean landscaping greet you as you arrive to this darling property. Enter into the living room/dining area with large windows with white plantain shutters offering lots of natural light. The back offers a sunroom perfect for enjoying this wonderful Arizona weather. Neutral paint, tile, and newer carpet throughout.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$834
Property Tax -$128
Property Insurance -$50
HOA -$5
Property Management Fees -$99
CASH FLOW
$335

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.

$240,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.60%

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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$47,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,250

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2493$1,2504$1,3005$1,450
$1,450
RENT COMPS ANALYSIS
  • 17603 N Hitching Post Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.25
    •  
  • 9602 W Wrangler Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.03
    •  
  • 9810 W Pineaire Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1972
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $1.08
    •  
  • 9317 W Hidden Valley Circle N Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1974
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.08
    •  
  • 9337 W Glen Oaks Circle N Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1974
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196709
Last Updated: 02/19/2021
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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