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21438 N Palm Desert Drive 
Sun City West, AZ
85375
2 Beds 2 Baths 2,041 sqft
Built 1984
INVESTimate
$420,000
List Price
$117,050
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $205.78
- 2 Days on Market
- MLS # : 6122252
- Updated Date : 08/25/2020 at 03:15
CONSTRUCTION
- Beds : 2
- Floor Size : 2,041 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful Sunsets & Mountain Views w/endless greens on Briarwood Golf Course. Stunning remodel, w/234 sqft added of living space, offers an open concept floor plan. Wood-look porcelain plank tile flooring, high ceilings, plantation shutters, decorator fixtures & int. paint. Gorgeous kitchen includes rich cabinetry accented by high crown molding & glass inserts, built-in desk & wine storage, soft close hardware, beautiful island w/prep sink + seating for 4, matching appliances. Generous living room for entertaining & relaxing in front of the TV & stone surround fireplace. Spacious MBR w/ bay window, dual vanity en suite, private shower room. Guest bath updated w/new stone topped vanity & glass enclosed tiled shower. New AC, wiring, flat roof section, water softener, HWH installed 2019.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$242 | |
| Property Insurance | -$67 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$538
|
||
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.
$420,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.59% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
0.42
YEARS SAVED
$532
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
-
$1,556
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
21438 N Palm Desert Drive Sun City West, 1
- 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1984 2 beds 2 baths ∙ 2,041 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12318 W Firebird Drive Sun City West, 2
- 2 beds 2 baths ∙ 1,973 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,973 Sqft ∙ Built 1985
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.71
-
12706 W Blue Bonnet Drive Sun City West, 3
- 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,485
- $0.76
-
12739 W Crystal Lake Drive Sun City West, 4
- 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.77
-
21913 N Pedregosa Court Sun City West, 5
- 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004
![property image]()
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,700
- $0.81
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122252
Last Updated: 08/25/2020
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.
