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21407 N Palm Desert Drive Sun City West, AZ 85375

2 Beds 2 Baths 2,100 sqft Built 1984

$299,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $142.38
  • 3 Days on Market
  • MLS # : 6162821
  • Updated Date : 11/21/2020 at 11:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Tick all the boxes on your home search checklist with this 2BR/2BA + Den, Expanded Cactus Model. Cathedral ceilings, vinyl plank flooring, fireplace, replaced windows, and Owned Solar are just some of the appealing features of the home. The updated kitchen offers generous cabinetry, granite counters, stone backsplash, breakfast nook & built-in workspace. The spacious MBR w/bay window & crown molding possesses a large walk-in closet & remodeled bath w/dual vanity, stone tile shower, & elevated commode. Other amenities include inside laundry, AC replaced in 2018, 2.5 car garage, RO system, water softener, bonus fridge in garage. Relax and entertain in the screened-in lanai. Furniture & golf cart available for sale outside of escrow.

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,103
Property Tax -$172
Property Insurance -$68
HOA -$41
Property Management Fees -$99
CASH FLOW
$27

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.

$299,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$24,527

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
  • $1,607

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4854$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 21407 N Palm Desert Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1984 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12318 W Firebird Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,973 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,973 Sqft ∙ Built 1985
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 12706 W Blue Bonnet Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.76
    •  
  • 13318 W Broken Arrow Drive Sun City West, AZ 4
    • 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
    •  
  • 12739 W Crystal Lake Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
PROPERTY LISTING DETAILS
Brenda Colleen Ficoturo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162821
Last Updated: 11/21/2020
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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