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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $191.69
- 4 Days on Market
- MLS # : 6195543
- Updated Date : 02/19/2021 at 23:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,878 sqft
- Baths : 3 full
Listing Agent
Howe Realty
Listing Agent's Description
*NOT AGE RESTRICTED* Why wait for a new construction when this lovely home could be all yours? Built in 2018 and Move In Ready, this home offers 1,878 sq.ft. of light-filled and spacious living. This beautiful 3 bedroom, 3 bathroom home is sure to tick all the boxes for a wide range of buyers. A gourmet kitchen with beautiful cabinetry, a large island overlooks the combined living and dining space, so the home chef will always be a part of the action. The kitchen offers a suite of stainless steel appliances, granite countertops, a pantry, plus ample cabinet space. The sliding glass door and large windows throughout draws in an abundance of soft natural light. Spacious master bedroom with double sink, walk in shower, garden tub and walk in closet. Other must-have features include tall
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PRICE & RENT TRENDS
Zip Code: 85375
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85375
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$347 | |
| Property Insurance | -$64 | |
| HOA | -$94 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$46
|
||
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.
$360,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
5.67
YEARS SAVED
$23,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,676
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
23129 N 126th Drive Sun City West, AZ 5
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- Rent Per SQFT
- $1,900
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11986 W Dos Rios Drive Sun City, AZ 1
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,395
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-
11968 W Dos Rios Drive Sun City, AZ 2
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
12015 W Camino Vivaz -- Sun City, AZ 3
- 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
12024 W Louise Court Sun City, AZ 4
- 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2008
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
PROPERTY LISTING DETAILS
Howe Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195543
Last Updated: 02/19/2021
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.
