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19029 N Palo Verde Drive Sun City, AZ 85373

2 Beds 2 Baths 1,827 sqft Built 1978

$255,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $139.57
  • 2 Days on Market
  • MLS # : 6160652
  • Updated Date : 11/14/2020 at 15:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,827 sqft
  • Baths : 1 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

Very comfortable home in handy location. Gently lived in for the past 10 yrs by out of area owner. Wonderful large rear yard with citrus trees. Enclosed rear patio with hot tub.Good sized utility room with space for office. Desirable Annapolis model with many updates. Solar owned!

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.
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$941
Property Tax -$136
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
$261

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.

$255,000

PROJECTED PRICE

$1,540

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$48,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5403$1,5754$1,6005$1,690
$1,690
RENT COMPS ANALYSIS
  • 19029 N Palo Verde Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.84
    •  
  • 18629 N Kiva Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 9618 W Sierra Pinta Drive Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,747 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,747 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.90
    •  
  • 9214 W Topeka Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 10401 W Concho Circle Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.93
    •  
PROPERTY LISTING DETAILS
Wanda Kay Peters
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160652
Last Updated: 11/14/2020
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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