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19433 N 99th Drive Sun City, AZ 85373

2 Beds 2 Baths 1,588 sqft Built 1977

$250,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $157.43
  • 7 Days on Market
  • MLS # : 6191541
  • Updated Date : 02/12/2021 at 03:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

THIS IS IT! Don't miss this amazing opportunity to own this beautiful 2-bedroom 2 bath, a well-maintained home located in Phase 3 of Sun City. 55+ community with seven recreation centers that offer many amenities. Bonus room that can be used as an Office, Den, or a Hobby Room. Granite countertop, a large kitchen island for extra prep and storage, a stainless-steel Refrigerator. There is a separate laundry room with washer and dryer convey. A large screened in patio to enjoy the outdoors. The backyard provides so much privacy. 2 car garage, impressive curb appeal. Hurry! this won't last. Schedule your showing today. There is some furniture and furnishing that will be available outside of escrow. Be considerate, COVID protocols in effect MASKS MANDATORY.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$868
Property Tax -$133
Property Insurance -$58
HOA -$41
Property Management Fees -$99
CASH FLOW
$380

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.

$250,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.63%

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$0.0$5.0k$10k$15k$20k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

12.92

YEARS SAVED

$51,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,4753$1,4754$1,5805$1,650
$1,650
RENT COMPS ANALYSIS
  • 19433 N 99th Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,588 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,588 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.99
    •  
  • 18626 N Welk Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.88
    •  
  • 9833 W Menadota Drive Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1988
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
  • 19819 N Willow Creek Circle Sun City, AZ 3
    • 2 beds 1 baths ∙ 1,500 Sqft ∙ Built 1977 2 beds 1 baths ∙ 1,500 Sqft ∙ Built 1977
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 10117 W Chaparral Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Deborah Johnson
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191541
Last Updated: 02/12/2021
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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