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20013 N 101st Avenue Sun City, AZ 85373

2 Beds 1 Baths 918 sqft Built 1977

$194,900

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1977
  • Price/Sqft : $212.31
  • 11 Days on Market
  • MLS # : 6151586
  • Updated Date : 10/27/2020 at 19:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 918 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Very nice opportunity to own in sun city this home is dated but has some very nice features.large tandem style garage can hold 3 vehiclesnew roof in last 3 years large screen patio and on a cul de sac road low traffic.

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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.
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$719
Property Tax -$104
Property Insurance -$45
HOA -$3
Property Management Fees -$99
CASH FLOW
$180

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.

$194,900

PROJECTED PRICE

$1,150

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$34,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $934

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8953$1,1504$1,2005$1,275
$1,275
RENT COMPS ANALYSIS
  • 20013 N 101st Avenue Sun City, AZ 1
    • 2 beds 1 baths ∙ 918 Sqft ∙ Built 1977 2 beds 1 baths ∙ 918 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19227 N Carnation Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 910 Sqft ∙ Built 1978 2 beds 2 baths ∙ 910 Sqft ∙ Built 1978
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.98
    •  
  • 19840 N 100th Drive Sun City, AZ 3
    • 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.97
    •  
  • 10407 W Sombrero Circle Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 20614 N 103rd Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1994
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.09
    •  
PROPERTY LISTING DETAILS
Douglas P Hynes
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151586
Last Updated: 10/27/2020
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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