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21614 N 159th Lane Sun City West, AZ 85375

2 Beds 2 Baths 2,080 sqft Built 1993

$389,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $187.02
  • 5 Days on Market
  • MLS # : 6198491
  • Updated Date : 02/26/2021 at 22:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,080 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

Tremendous ungraded Safford with 420 sq. ft. Sun Room (building permit). Kitchen update 2019 with -Refrigerator, dishwasher, Microware, Corian counter.Plantation Shutter throughout. Owned Solar System electric bill $.15-$.25/monthDO NOT USE SHOWING TIME. CALL CO- AGENT

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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

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

Valley Vista High School

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

$350,100$427,900$389,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,351
Property Tax -$224
Property Insurance -$68
HOA -$41
Property Management Fees -$99
CASH FLOW
$287

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.

$389,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$52,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6984$1,7505$2,070
$2,070
RENT COMPS ANALYSIS
  • 21614 N 159th Lane Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.00
    •  
  • 20414 N 150th Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,787 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 15524 W White Wood Drive Sun City West, AZ 2
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1993
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 14805 W Huron Drive Sun City West, AZ 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Joseph Scott Ellis
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198491
Last Updated: 02/26/2021
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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