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9701 W Oakstone Drive Sun City, AZ 85351

3 Beds 2 Baths 1,465 sqft Built 1971

$249,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $170.58
  • 3 Days on Market
  • MLS # : 6176236
  • Updated Date : 01/01/2021 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Valentino Moca

Listing Agent's Description

Beautiful renovated home in peaceful neighborhood close to the 101 freeway, shopping centers, and also recreation centers! This amazing home is move-in ready with newly updated stainless steel appliances, new laminate flooring throughout some of the house, and freshly painted inside and outside of the home! Bring your best offer for a fast response!

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.
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$922
Property Tax -$133
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$210

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.

$249,900

PROJECTED PRICE

$1,420

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

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$42,826

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
  • $1,447

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4754$1,5505$1,800
$1,800
RENT COMPS ANALYSIS
  • 9701 W Oakstone Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14201 N 103rd Avenue Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 9929 W Burns Drive Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 9450 W Rolling Hills Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1972
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 9120 W Lisbon Lane Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Valentino Moca
Valentino Moca
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176236
Last Updated: 01/01/2021
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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