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23244 N 120th Lane Sun City, AZ 85373

4 Beds 3 Baths 2,663 sqft Built 2005

INVESTimate

$369,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$380,550  ( +3.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $138.57
  • 5 Days on Market
  • MLS # : 6121263
  • Updated Date : 08/23/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,663 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

The fantastic wrought iron gate beckons you into the flagstone vestibule and past the striking wooden entry door. The gorgeous real wood plank flooring and matching plantation shutters are ready for any design theme. Ceilings soar at 10 feet adding to the spacious feeling, from the grand entry hall to the enormous great room. High-demand open concept floorplan with gourmet kitchen boasts high-end maple cabinetry, granite counters, breakfast bar/island, and eat-in kitchen with a wall of built-in lower cabinets to store your party platters, etc. The enormous walk-in pantry stands ready for stocking up, while the breezeway connects the kitchen to the elegant formal dining room. Not only does the crown moulding and chair rail whisper elegance, but French doors open out onto the dining room

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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,361
Property Tax -$290
Property Insurance -$79
HOA -$52
Property Management Fees -$99
CASH FLOW
-$141

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.

$369,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,429

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
  • $1,837

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,7655$2,095
$2,095
RENT COMPS ANALYSIS
  • 23244 N 120th Lane Sun City, 1
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11828 W Via Montoya Drive Sun City, 2
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 11844 W Via Montoya Court Sun City, 3
    • 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2005
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
  • 12021 W Avenida Del Rey -- Peoria, 4
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2013
    LEASED 03/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.69
    •  
  • 11757 W Montana De Oro Drive Sun City, 5
    • 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
PROPERTY LISTING DETAILS
Kayla Huggett
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121263
Last Updated: 08/23/2020
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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