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22419 N Arrellaga Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,904 sqft Built 2004

$412,500

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $216.65
  • 6 Days on Market
  • MLS # : 6194838
  • Updated Date : 02/18/2021 at 23:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,904 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Meticulous Home in the desirable 55+ Active Adult Community of Corte Bella Country Club. Foyer entry w/art niche, soothing interior palette, plush carpet, built-in media shelves, plantation shutters, ceiling fans, and spacious open floor plan. Center kitchen island, breakfast bar, stylish counters, pantry, neutral tile floor, & plenty of wood cabinets w/hardware. Grand master retreat boasts double door entry, private en suite, & walk-in closet. Private backyard setting offers covered patio,synthetic turf, desert landscape. Community is Guard Gated w/Golf Course, Heated Pool, Spa, tennis, pickleball and lovely community area with dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Madre at Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sierra Madre at Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8662008

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Liberty High School

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

$371,250$453,750$412,500

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,433
Property Tax -$379
Property Insurance -$64
HOA -$57
Property Management Fees -$99
CASH FLOW
-$262

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$412,500

PROJECTED PRICE

$1,770

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,063

INVESTMENT

$115,063

Down Payment
$103,125
Rehab Estimate
$5,750
Closing Costs
$6,188

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,433

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,125
Loan Amount $309,375
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,000

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
  • $1,471

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,6004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 22419 N Arrellaga Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2004
    • 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
    •  
  • 13283 W Micheltorena Court Sun City West, AZ 3
    • 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 21913 N Pedregosa Court Sun City West, AZ 4
    • 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 21215 N 123rd Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1985 2 beds 2 baths ∙ 2,103 Sqft ∙ Built 1985
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Mary Alice Hegreness
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194838
Last Updated: 02/18/2021
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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