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21803 N Pampas Court Sun City West, AZ 85375

2 Beds 3 Baths 1,825 sqft Built 1994

$389,500

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $213.42
  • 5 Days on Market
  • MLS # : 6208298
  • Updated Date : 03/19/2021 at 23:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home! This popular Ventana model has been impeccably maintained and features a number of upgrades and amenities. The home sits on a premium lot with over 50 plantings, including several palm trees and fruit trees and a commercial grade underground sprinkler system. There's an 8' fountain with automatic lighting system for the fountain, patio wall and palm trees. The remodeled kitchen has Corian countertops, newer cabinetry, 2 ovens, microwave and a skylight. The master bathroom has been remodeled with granite counters, walk-in shower and full soak tub. A California closet system has also been installed in the master bedroom walk-in closet and in the second bedroom closet. Schedule a showing today!

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
Willow Canyon High School High Regular 2,084 83 3

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$350,550$428,450$389,500

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,353
Property Tax -$380
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
-$65

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.

$389,500

PROJECTED PRICE

$1,870

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,968

INVESTMENT

$108,968

Down Payment
$97,375
Rehab Estimate
$5,750
Closing Costs
$5,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,353

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,375
Loan Amount $292,125
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6504$1,7255$1,870
$1,870
RENT COMPS ANALYSIS
  • 21803 N Pampas Court Sun City West, AZ 5
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.02
    •  
  • 13912 W Via Tercero -- Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,669 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,669 Sqft ∙ Built 1995
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 14701 W Sentinel Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,669 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,669 Sqft ∙ Built 1992
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 21606 N 138th Avenue Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1990
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 13731 W Caballero Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,825 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,825 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
PROPERTY LISTING DETAILS
Joe Janus
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208298
Last Updated: 03/19/2021
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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