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20451 N 109th Drive Sun City, AZ 85373

2 Beds 2 Baths 1,776 sqft Built 1992

$364,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $205.46
  • 3 Days on Market
  • MLS # : 6193740
  • Updated Date : 02/12/2021 at 21:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

Homelogic Real Estate

Listing Agent's Description

Lovely WATERFRONT home in this 55+ community! Bright & open great room with vaulted ceilings and large windows! Family room with stunning stone fireplace flanked by windows is open to the kitchen and dining area with windows and sliders with backyard/water views! Large primary bedroom suite with bay windows overlooking backyard/water + ensuite bath with double sinks, separate soaking tub & shower! 2nd bedroom with Murphy bed! Additional den/office! Fantastic backyard/patio with gorgeous water views and low maintenance landscaping!! 2 car garage with built-in cabinets and epoxy floors! Community features clubhouse, heated pool/spa, tennis courts, workout facility, golf course + more! Don't miss this unique opportunity to live on the water!! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeside at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lakeside at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8661981

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating

Sunrise Mountain High School

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

$328,410$401,390$364,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,267
Property Tax -$265
Property Insurance -$62
HOA -$32
Property Management Fees -$99
CASH FLOW
$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$364,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$30,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,6954$1,8405$1,895
$1,895
RENT COMPS ANALYSIS
  • 20451 N 109th Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,776 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,776 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.04
    •  
  • 19819 N Willow Creek Circle Sun City, AZ 1
    • 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
    •  
  • 11053 W Potter Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,870 Sqft ∙ Built 1995
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 19937 N 109th Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 19821 N 108th Lane Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2000
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Timothy J Cusick
Homelogic Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193740
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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