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22520 N Viva Drive Sun City West, AZ 85375

3 Beds 2 Baths 3,098 sqft Built 1994

$474,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $153.00
  • 11 Days on Market
  • MLS # : 6149194
  • Updated Date : 10/26/2020 at 09:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,098 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

THIS IS A ONE-OF-A-KIND EXPANDED AND REMODELED 3 BEDROOM PATAGONIA! COURTYARD ENTRY TO 3098 SQ.FEET OF LUXURY LIVING! CUSTOM PAINTED INSIDE AND OUT. KITCHEN AND BATHROOMS ARE SLAB GRANITE AND CUSTOM KNOTTY ALDER CABINETS, ALSO INCLUDING STAINLESS APPLIANCES. PLANTATION SHUTTERS, REMOTE ELECTRIC SILHOUETTE SHADES IN DINING ROOM. LARGE SPLIT MASTER BEDROOM, GUEST ROOM, TWO PRIVATE OFFICE/DENS, BEAUTIFUL CUSTOM HAND RAILINGS LEAD TO THE UPSTAIRS BEDROOM FOR YOUR IN-TOWN GUESTS OR WORK OUT ROOM! YOU WILL LOVE THE ADDED GOLF CART GARAGE. THE BACKYARD IS AN OASIS, PROFESSIONALLY LANDSCAPED WITH A HEATED SALT WATER POOL ADJACENT TO THE LARGE COVERED PATIO. THIS IS A MUST SEE PROPERTY FOR THAT SPECIAL BUYER THAT NEEDS A LOT OF ROOM TO MEET ALL THEIR LIVING AND ENTERTAINMENT

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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
 

$426,600$521,400$474,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,749
Property Tax -$462
Property Insurance -$88
HOA -$41
Property Management Fees -$99
CASH FLOW
-$608

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.

$474,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.39%

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,360

INVESTMENT

$131,360

Down Payment
$118,500
Rehab Estimate
$5,750
Closing Costs
$7,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,500
Loan Amount $355,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$2,000
$2,000
RENT COMPS ANALYSIS
  • 22520 N Viva Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 3,098 Sqft ∙ Built 1994 3 beds 2 baths ∙ 3,098 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.59
    •  
  • 13106 W Micheltorena Drive Sun City West, AZ 2
    • 3 beds 3 baths ∙ 3,027 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,027 Sqft ∙ Built 2005
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
PROPERTY LISTING DETAILS
Lona King
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149194
Last Updated: 10/26/2020
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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