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20009 N 129th Lane Sun City West, AZ 85375

2 Beds 2 Baths 1,654 sqft Built 1993

$329,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $198.91
  • 2 Days on Market
  • MLS # : 6187889
  • Updated Date : 01/30/2021 at 21:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,654 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

You can own one of the very popular & desired SAFFORD models offering the best of both worlds - a newer home (built in '93) with gas service & a tile roof yet it's in SCW's LOW TAX area.. This combination rarely comes up! And the ''56 Amigos'' neighborhood is one of SCW's most convenient, yet there's very little through traffic. Kitchen has ''Fingerprint Free'' Stainless Steel appliances (11/18) & granite counters. Tiled Kitchen & Family Rm. Paneled doors & even an office/computer area. Carpets professionally cleaned 01/21. The front courtyard is bricked & the nice extended patio in back overlooks curved knee walls. There's added insulation & ceiling fans. The American Std. HVAC is not original. Water Heater is 2017. The laundry's indoors. There's built-in storage cabinets and a large

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,143
Property Tax -$189
Property Insurance -$59
HOA -$41
Property Management Fees -$99
CASH FLOW
$259

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.

$329,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.54%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$45,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5004$1,6005$1,790
$1,790
RENT COMPS ANALYSIS
  • 20009 N 129th Lane Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.08
    •  
  • 12448 W Fieldstone Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,382 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,382 Sqft ∙ Built 1984
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 13318 W Broken Arrow Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 19014 N 133rd Avenue Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 13210 W Pomegranate Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
James Swanson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187889
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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