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9423 W Indian Hills Drive Sun City, AZ 85351

2 Beds 2 Baths 1,431 sqft Built 1972

$247,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $172.61
  • 2 Days on Market
  • MLS # : 6210052
  • Updated Date : 03/20/2021 at 17:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,431 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Charming home with adorable covered front patio offers charm and lots of room! AZ room addition increases the square footage to 1431! Spacious living and dining rooms off of the kitchen. Adorable kitchen features white cabinets, appliances, & separate panty. Wood laminate flooring. Kitchen overlooks the dining room and includes a pass through to the enclosed AZ room. Master bedroom has an attached bathroom with a large shower. Updated roof & HVAC. Garage offers tons of storage and cabinetry. This home sits on a large lot with citrus trees & low maintenance landscaping with room for a garden or pool! This is the perfect home to make your own. The active adult community offers great features such as a pool and spa, workout facility and tennis courts, to name a few! No HOA fees!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$222,300$271,700$247,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$858
Property Tax -$131
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$252

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.

$247,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.56%

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$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,205

INVESTMENT

$71,205

Down Payment
$61,750
Rehab Estimate
$5,750
Closing Costs
$3,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,750
Loan Amount $185,250
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$40,882

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
  • $1,268

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2504$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 9423 W Indian Hills Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9929 W Oak Ridge Drive Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,086 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,086 Sqft ∙ Built 1972
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.10
    •  
  • 9151 W Greenway Road #212 Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,080 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,080 Sqft ∙ Built 1986
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.16
    •  
  • 10010 W Sandstone Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1971
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
  • 9317 W Briarwood Circle W Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1972
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
PROPERTY LISTING DETAILS
James L Martin
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210052
Last Updated: 03/20/2021
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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