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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $180.57
- 2 Days on Market
- MLS # : 6196659
- Updated Date : 02/20/2021 at 19:56
CONSTRUCTION
- Beds : 2
- Floor Size : 1,966 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Why buy new? This one feels like a new home! This Wilmington model has been completely remodeled and expanded offering space in all the right areas. Upon your drive up to the property you will appreciate the new roof and new exterior paint. As you enter the home you will be drawn to the warm color tones and numerous upgrades (full list in docs section). The kitchens, the baths, the floors, the fixtures, the interior paint have all been meticulously redone. And the quality shows! You will love the space that the interior offers with a living room, true formal dining and a gourmet kitchen with an adjacent eat in area. The master bedroom is large and offers a walk-in closet and beautifully updated bath. The laundry room has been expanded to offer space for an office or craft area.
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PRICE & RENT TRENDS
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$204 | |
| Property Insurance | -$66 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$93
|
||
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.
$355,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
4.25
YEARS SAVED
$14,057
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,430
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
17826 N Buntline Drive Sun City West, AZ 1
- 2 beds 2 baths ∙ 1,966 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,966 Sqft ∙ Built 1979
- Rent
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- $0
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17605 N Buntline Drive Sun City West, AZ 2
- 2 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,200
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12411 W Foxfire Drive Sun City West, AZ 3
- 2 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.74
-
12507 W Brandywine Drive Sun City West, AZ 4
- 2 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,295
- $0.71
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17614 N Whispering Oaks Drive Sun City West, AZ 5
- 2 beds 2 baths ∙ 1,912 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,912 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.78
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196659
Last Updated: 02/20/2021
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.
