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9220 W Meadow Hills Drive Sun City, AZ 85351

3 Beds 2 Baths 2,168 sqft Built 1971

$317,500

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $146.45
  • 6 Days on Market
  • MLS # : 6175909
  • Updated Date : 01/05/2021 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,168 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72 Hour Home Sale! Beautiful well maintained home in Sun City. 3 Bedroom 2 Bathrooms Family, Dining, Bonus room plus Arizona Room. along w/Laundry/sewing/hobby room. Kitchen is bright & Spacious w/SS Appliances. Newly Pane Windows w/plantation shutters. Outstanding huge back yard! 2 car epoxy floors w/cabinets for plenty of storage. Enjoy all of Sun City - community centers- golf courses-bowling alleys- never bored! Enjoy all of what Arizona has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$285,750$349,250$317,500

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,103
Property Tax -$169
Property Insurance -$69
HOA -$41
Property Management Fees -$99
CASH FLOW
$339

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.

$317,500

PROJECTED PRICE

$1,820

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k$20k

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$89,888

INVESTMENT

$89,888

Down Payment
$79,375
Rehab Estimate
$5,750
Closing Costs
$4,763

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,375
Loan Amount $238,125
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$53,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6504$1,7255$1,820
$1,820
RENT COMPS ANALYSIS
  • 9220 W Meadow Hills Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.84
    •  
  • 9208 W Cholla Street Peoria, AZ 1
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1987
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 9720 W Briarwood Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 9319 W Arrowhead Drive Sun City, AZ 3
    • 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1971
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 8101 W Aster Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joseph J. Frontauria
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175909
Last Updated: 01/05/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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