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22829 N 121st Drive Sun City, AZ 85373

2 Beds 3 Baths 2,088 sqft Built 2012

$395,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $189.18
  • 9 Days on Market
  • MLS # : 6173146
  • Updated Date : 12/28/2020 at 10:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,088 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

SINGLE STORY W/42 FOOT RV GARAGE you can either have a 5 car garage for car lovers or 2 cars, large RV & lots of toys!! This home is immaculate and will fit any lifestyle. It is located in the highly sought after Rancho Silverado Subdivision in Sun City in the(Non-Age Restricted) community! This beautiful 2 bedroom, 2.5 bath home features Granite countertops, walk-in pantry, stainless steel appliances, a remodeled walk-in shower in the Master bath with decorative stain glass window. Shutters throughout and all tile floors. Want to have some fun?? This home is Super close to Lake Pleasant and lots of other outdoor adventures and you have the Extra Lg RV GARAGE to store all your toys with 50 amp receptacle add adapter for an electric vehicle. Close to restaurants, shopping & golf.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Silverado

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $83k392k

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

Neighborhood: Rancho Silverado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8661981

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,457
Property Tax -$310
Property Insurance -$68
HOA -$69
Property Management Fees -$99
CASH FLOW
-$214

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.

$395,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7004$1,790
$1,790
RENT COMPS ANALYSIS
  • 22829 N 121st Drive Sun City, AZ 4
    • 2 beds 3 baths ∙ 2,088 Sqft ∙ Built 2012 2 beds 3 baths ∙ 2,088 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.86
    •  
  • 13562 W Via Tercero Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 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
    •  
  • 21913 N Pedregosa Court Sun City West, AZ 3
    • 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,095 Sqft ∙ Built 2004
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jason Mitchell
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173146
Last Updated: 12/28/2020
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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