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18226 N 129th Avenue Sun City West, AZ 85375

3 Beds 2 Baths 2,341 sqft Built 1979

INVESTimate

$285,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$306,632  ( +7.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $121.74
  • 4 Days on Market
  • MLS # : 6121339
  • Updated Date : 08/22/2020 at 18:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,341 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Oh the fun that has been had in this home! Entertainer's delight! Spacious home offers areas to work and play at home. All tile flooring throughout this 3 bedroom 2 bath home with large living and family rooms for entertaining and options for daily living. Fully fenced south facing back yard and enclosed back patio is vented for AC and heat!. Private front courtyard for morning coffee or evening chats. All bedrooms have walk in closets and guest bedrooms are split from the master. Master has 2 walk in closets! . HVAC new in 2018 with 10 year warranty and thermostat you can control with your phone. All TVs stay with home and furniture is available too. Front loading washer & dryer included! Conveniently located near the center of town for close shopping and amenities. See Virtual Tour !

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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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,052
Property Tax -$164
Property Insurance -$73
HOA -$41
Property Management Fees -$99
CASH FLOW
$162

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$38,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,5903$1,6004$1,675
$1,675
RENT COMPS ANALYSIS
  • 18226 N 129th Avenue Sun City West, 2
    • 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.68
    •  
  • 12826 W Crystal Lake Drive Sun City West, 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.69
    •  
  • 13338 W Cottonwood Street Surprise, 3
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1999
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 18095 N Coyote Lakes Parkway Surprise, 4
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.79
    •  
PROPERTY LISTING DETAILS
Laura Burk
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121339
Last Updated: 08/22/2020
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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