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18231 N 137th Drive Sun City West, AZ 85375

3 Beds 2 Baths 2,528 sqft Built 1986

$415,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $164.16
  • 2 Days on Market
  • MLS # : 6187861
  • Updated Date : 01/30/2021 at 18:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,528 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

IMMACULATE UPDATED SAN SIMEON MODEL. GRANITE COUNTERS, LOVELY BACK SPLASH IN KITCHEN, SS APPLIANCES, REVERSE OSMOSIS BREAKFAST AREA, WALK IN SHOWER , HIGHER COUNTER IN BATHROOM ALSO BATHROOMS HAS GRANITE COUNTERS, 3 BEDROOMS WITH LARGE WALK IN CLOSETS PLANATION SHUTTERS, LARGE FAMILY ROOM, TILE SIDEWALK, PLUS A COVERED SIDE WALK, LARGE COVERED BACK PATIO, LARGE PRIVATE BACKYARD. THIS IS A MUST SEE.

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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating

Valley Vista High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,441
Property Tax -$239
Property Insurance -$76
HOA -$41
Property Management Fees -$99
CASH FLOW
$233

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.

$415,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.51%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$47,762

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
  • $1,593

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,550
$1,550
RENT COMPS ANALYSIS
  • 18231 N 137th Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17631 N 131st Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 1979
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 13448 W Gable Hill Drive Sun City West, AZ 3
    • 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
PROPERTY LISTING DETAILS
Evelyn Burrier
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187861
Last Updated: 01/30/2021
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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