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23120 N 120th Lane Sun City, AZ 85373

5 Beds 4 Baths 4,001 sqft Built 2005

$495,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $123.72
  • 6 Days on Market
  • MLS # : 6194999
  • Updated Date : 02/16/2021 at 21:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,001 sqft
  • Baths : 4 full
Listing Agent

Ultimate Properties, Inc.

Listing Agent's Description

* NOT AGE RESTRICTED * *PEORIA SCHOOL DISTRICT* *Brand New Soft Water System* *ALL New Paint* This spacious beauty has 5 bedrooms + 4 bathrooms and over 4000 square feet! Full bedroom and Bathroom downstairs. Den/Office/Formal living room also. Enormous great room open to the large island kitchen w/ snack bar, granite countertops, stainless steel appliances (dishwasher, microwave, oven, stove top, refrigerator). Upstairs has a large landing AND an even bigger loft. Jack and Jill bathroom with an additional bedroom and bathroom. Huge master suite has a walk-out balcony, his and her closets, separate tub and large shower, with his and her sinks. All of this located near the Crossriver Community Park with volleyball, soccer, tennis, and basketball courts.

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
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
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,719
Property Tax -$389
Property Insurance -$105
HOA -$66
Property Management Fees -$99
CASH FLOW
-$248

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.

$495,000

PROJECTED PRICE

$2,130

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1303$2,195
$2,195
RENT COMPS ANALYSIS
  • 23120 N 120th Lane Sun City, AZ 2
    • 5 beds 4 baths ∙ 4,001 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,001 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.53
    •  
  • 12038 W Carlota Lane Sun City, AZ 1
    • 4 beds 3 baths ∙ 3,792 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,792 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.54
    •  
  • 11971 W Patrick Lane Sun City, AZ 3
    • 5 beds 4 baths ∙ 3,701 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,701 Sqft ∙ Built 2008
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.59
    •  
PROPERTY LISTING DETAILS
Ryan Reid
Ultimate Properties, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194999
Last Updated: 02/16/2021
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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