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9322 W Spanish Moss Lane Sun City, AZ 85373

2 Beds 2 Baths 1,521 sqft Built 1978

$265,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $174.23
  • 12 Days on Market
  • MLS # : 6169140
  • Updated Date : 12/15/2020 at 18:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,521 sqft
  • Baths : 1 full , 1 half
Listing Agent

Go 4 Cash Flow

Listing Agent's Description

Come see this welcoming home with fresh paint throughout. Enjoy the new carpet in the living rooms and bedrooms. You'll love the granite counter tops and the cheery backsplash of the good sized kitchen that opens to a large family room. The master bedroom is extended with a patio door to the back yard. The office has it's own AC and two windows that make a bright workspace. An amazing patio and backyard make this a great place to entertain or relax. Hurry to see. This won't last long!

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.
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$978
Property Tax -$141
Property Insurance -$57
HOA -$41
Property Management Fees -$99
CASH FLOW
$84

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.

$265,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,388

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
  • $1,529

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9322 W Spanish Moss Lane Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,521 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,521 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8770 W Athens Street Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 8762 W Saint John Road Peoria, AZ 3
    • 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 18801 N 96th Avenue Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
  • 9214 W Topeka Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Teresa Perrine
Go 4 Cash Flow
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169140
Last Updated: 12/15/2020
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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