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22410 N Mirage Lane Sun City West, AZ 85375

2 Beds 2 Baths 1,336 sqft Built 1996

$285,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $213.32
  • 2 Days on Market
  • MLS # : 6170786
  • Updated Date : 12/12/2020 at 13:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,336 sqft
  • Baths : 1 full , 1 half
Listing Agent

Libertas Real Estate

Listing Agent's Description

This well maintained spilt Rio Verde floor plan is move in ready. This home boasts of fresh interior paint, new vinyl and carpet flooring throughout the home. With a nice screened in patio off the back to the spacious living space it is perfect for the winter visitor to the year round resident. Nice stucco exterior in a well maintained HOA. Don't miss out on this home, it won't last long!

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
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,052
Property Tax -$278
Property Insurance -$53
HOA -$176
Property Management Fees -$99
CASH FLOW
-$288

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.

$285,000

PROJECTED PRICE

$1,370

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2503$1,3704$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 22410 N Mirage Lane Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.03
    •  
  • 13709 W Pavillion Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1989
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.12
    •  
  • 21614 N 139th Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1990
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 14218 W Via Manana -- Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,555 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,555 Sqft ∙ Built 1994
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 14221 W Territorial Lane Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,438 Sqft ∙ Built 1994
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Cristina Robert
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170786
Last Updated: 12/12/2020
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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