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18423 N 94th Drive Sun City, AZ 85373

2 Beds 2 Baths 2,046 sqft Built 1978

$365,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $178.40
  • 6 Days on Market
  • MLS # : 6173930
  • Updated Date : 12/23/2020 at 09:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,046 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

: What a gorgeous home. Complete Remodel in 2017 with new kitchen, bathrooms,and bedrooms! New AC, new flooring throughout, custom paint. New kitchen appliances, new cabinets and counter tops. Eat In Kitchen, also formal dining area. Large Oversized laundry room, with ceiling to floor cabinets plus a laundry sink. New water heater 2019. Family room plus enclosed Arizona room. Master bedroom has huge walk in closet. Master bath completely redone, custom tile shower with glass door, new vanities and fixtures. Second bath just as beautiful. Large bedrooms with walk in closets. New blinds on windows throughout. Covered Patio and Extra large cul-de-sac lot.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,347
Property Tax -$194
Property Insurance -$67
HOA -$33
Property Management Fees -$99
CASH FLOW
-$130

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.

$365,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$15,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4004$1,6005$1,610
$1,610
RENT COMPS ANALYSIS
  • 18423 N 94th Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.79
    •  
  • 17227 N Country Club Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 2,030 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,030 Sqft ∙ Built 1978
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 17623 N Foothills Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 17403 N Hitching Post Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
  • 9760 W Kimberly Way Peoria, AZ 4
    • 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
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 #: 6173930
Last Updated: 12/23/2020
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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