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21013 N Verde Ridge Drive Sun City West, AZ 85375

2 Beds 2 Baths 2,197 sqft Built 1993

$449,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
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!

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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,6983$1,7504$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 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
Deborah Pastori
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174101
Last Updated: 12/26/2020
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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