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22710 N Montecito Avenue Sun City West, AZ 85375

2 Beds 2 Baths 1,904 sqft Built 2004

$484,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $254.20
  • 2 Days on Market
  • MLS # : 6263257
  • Updated Date : 07/13/2021 at 08:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,904 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning Updated San Marco with Striking Style located in the highly sought-after, Guard Gated Active Adult Community of Corte Bella. Recent Updates include Bell Trane Air Conditioner, Water Softener, Hot Water Tank, Irrigation System, and Hot Water Pump. Custom Modifications include Remodeled Kitchen with Chef's Appliance Package (Dishwasher, Fridge, Gas Range/Oven, Microwave) Slab Granite Counters with extended Breakfast Bar, Tiled Back Splash, and Blanco Sink. New Washer and Dryer Convey. Master Suite has a Remodeled Custom Bath, with Walk-in Shower, Upgraded Granite/Tile, Plumbing Fixtures,Mirrors and Lighting. Master Suite has Private Exit to the Extended Patio, Ramada, and Firepit, perfect for entertaining. Front has an inviting Courtyard with views of the course. A Must See!

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
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
 

$435,600$532,400$484,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,681
Property Tax -$445
Property Insurance -$64
HOA -$58
Property Management Fees -$99
CASH FLOW
-$147

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.

$484,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.45%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,010

INVESTMENT

$134,010

Down Payment
$121,000
Rehab Estimate
$5,750
Closing Costs
$7,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,681

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,000
Loan Amount $363,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,406

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
  • $1,599

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 22710 N Montecito Avenue Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13283 W Micheltorena Court Sun City West, AZ 2
    • 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 13562 W Via Tercero Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995
    property image
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 13822 W Junipero Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,904 Sqft ∙ Built 2005
    property image
    LEASED 05/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 13731 W Caballero Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,825 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,825 Sqft ∙ Built 1994
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
PROPERTY LISTING DETAILS
Eileen Gow
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263257
Last Updated: 07/13/2021
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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