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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $204.78
- 2 Days on Market
- MLS # : 6174101
- Updated Date : 12/26/2020 at 15:57
CONSTRUCTION
- Beds : 2
- Floor Size : 2,197 sqft
- Baths : 1 full , 1 half
Listing Agent
Long Realty West Valley
Listing Agent's Description
This is one special Sun City West home! For what you can see...to what you can't see! What you can see: parking for 5 1/2 vehicles, granite counter tops, plantation shutters, private wall in backyard with a large covered patio & pressurized mister system, roller shields on some windows, jacuzzi in the backyard & cocktail citrus trees. What you can't see but will appreciate: A 5 gallon water heater in the hot waterline to the kitchen sink for instant hot water, a revere osmosis unit at the kitchen sink plumbed to the refrigerator ice/water, whole house water softener with a carbon filter, ''soft start'' kits installed on both A/C units, a 50 amp RV plug and an owned Brinks security system, with a 2 year assumable service contract, $54 per month. And just so much more, check it out soon!
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PRICE & RENT TRENDS
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$259 | |
| Property Insurance | -$70 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$229
|
||
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.
$449,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
3.25
YEARS SAVED
$14,163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,906
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
21013 N Verde Ridge Drive Sun City West, AZ 5
- 2 beds 2 baths ∙ 2,197 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,197 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,900
- $0.86
-
16417 W Desert Lily Drive Surprise, AZ 1
- 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.85
-
14805 W Huron Drive Sun City West, AZ 2
- 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1993
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,698
- $0.83
-
14608 W Blackwood Drive Sun City West, AZ 3
- 2 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
20029 N Cielo Court Surprise, AZ 4
- 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174101
Last Updated: 12/26/2020
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.
