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22708 N Las Vegas Drive Sun City West, AZ 85375

3 Beds 3 Baths 2,101 sqft Built 1996

$415,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $197.52
  • 3 Days on Market
  • MLS # : 6171873
  • Updated Date : 01/09/2021 at 21:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,101 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Step through the gate & enter the private courtyard, walk past the cozy casitia & into this beautiful home on a corner lot. The golf course just steps away. Out the back patio door, you can't imagine a more beautiful porch on which to relax on an Arizona winter afternoon or enjoy sunset year round. Home is light and bright with 9 ft ceilings this home feels even larger than it is & boasts tons of natural light from large windows & skylights. Ample storage in the oversized garage- plenty of room for the golf cart, hobby items & attic storage up the handy attic stairs. Double vanity & a large walk-in closet in owner's suite. Cozy gas fireplace in the living room is visible from den, dining, & kitchen in this open floor plan. Deeply discounted 1 owner home ready for personalization & upgrades

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k386k

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

Neighborhood: Corte Bella Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10182617

* 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
Zuni Hills Elementary School Primary Regular 849 40 7
Zuni Hills Elementary School Middle Regular 849 40 7
Liberty High School High Regular 2,141 93 6

Zuni Hills Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Zuni Hills Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Liberty High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,441
Property Tax -$381
Property Insurance -$68
HOA -$41
Property Management Fees -$99
CASH FLOW
-$351

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.

$415,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,295

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
  • $1,660

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,4994$1,500
$1,500
RENT COMPS ANALYSIS
  • 22708 N Las Vegas Drive Sun City West, AZ 1
    • 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14022 W Caballero Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1995
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 21602 N 142nd Drive Sun City West, AZ 3
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.81
    •  
  • 15015 W Heritage Drive Sun City West, AZ 4
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1992
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Melissa J Twitchell
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171873
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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