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19617 N Sombrero Circle Sun City, AZ 85373

2 Beds 2 Baths 1,914 sqft Built 1976

$339,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $177.59
  • 2 Days on Market
  • MLS # : 6186276
  • Updated Date : 01/30/2021 at 19:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,914 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

CLEAN, UPDATED 2 BEDROOM 2 BATH SUN CITY HOME. THE KITCHEN HAS BEEN OPENED TO THE LIVING ROOM CREATING A GREAT ROOM CONCEPT. 2 BONUS ROOMS CAN BE FORMAL DINING, AN OFFICE, A CRAFT ROOM, AN EXTRA BEDROOM ETC. THE LARGE LAUNDRY/UTILITY ROOM IS HEATED AND COOLED, AND ADDS TO THE ORIGINAL SQUARE FOOTAGE. THE ISLAND KITCHEN FEATURES NEWER APPLIANCES AND SPACE FOR A DINING AREA. DRIVEWAY WIDENED FOR EXTRA PARKING. PRIVATE, WALLED BACKYARD FEATURING A 2016 RESURFACED SWIMMING POOL AND MATURE CITRUS. DISHWASHER 12/2020. WATER HEATER 02/2020. COOKTOP 04/2018. HEAT PUMP 01/2020. ENERGY IMPROVEMENTS THROUGH ENERGY STAR. GOOD SIZED BEDROOMS. UPDATED BATHS. TILE THROUGHOUT. STUCCO EXTERIOR. DIMENSIONAL SHINGLES. DUAL PANE WINDOWS. PRIDE OF OWNERSHIP SHOWS THROUGHOUT. 1 YEAR HOME WARRANTY.

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,181
Property Tax -$181
Property Insurance -$65
HOA -$41
Property Management Fees -$99
CASH FLOW
$184

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.

$339,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.51%

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$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$38,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6003$1,6904$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 19617 N Sombrero Circle Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,914 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,914 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 9760 W Kimberly Way Peoria, AZ 2
    • 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
    •  
  • 10401 W Concho Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.93
    •  
  • 9720 W Lodestone Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
John Hanssen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186276
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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