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9711 W Riviera Drive Sun City, AZ 85351

2 Beds 2 Baths 1,160 sqft Built 1978

$255,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $219.83
  • 3 Days on Market
  • MLS # : 6199299
  • Updated Date : 02/27/2021 at 23:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,160 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

WELCOME HOME! MRS CLEAN LIVES HERE! LOVELY WOODBURY MODEL WITH HUGE INSIDE LAUNDRY. 2 BEDROOM 2 BATH 2 CAR GARAGE. EXTRA LARGE LOT. PLANTATION SHUTTERS, LAMINATE AND TILE FLOORING. N/S EXPOSURE, XL SCREENED IN BACK PATIO. UPDATED ROOF, REPLACED WINDOWS AND DOORS. REPLACED GARAGE DOOR. EPOXY FLOORING IN GARAGE. GARAGE HAS SEPARATE EXIT TO SIDEWALK. COOL DECKING ON DRIVE WAY AND ENTRYWAY TO FRONT DOOR. SIDEWALK ON THE SIDE OF HOME LEADS TO BACK PATIO. LOW MAINTENANCE YARD. GREAT LOCATION CLOSE TO SHOPPING AND MEDICAL! SOME FURNITURE/FURNISHINGS AVAILABLE OUTSIDE OF ESCROW ON SEPARATE BILL OF SALE BETWEEN BUYER AND SELLER.

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$886
Property Tax -$136
Property Insurance -$50
HOA -$41
Property Management Fees -$99
CASH FLOW
$79

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.

$255,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.51%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,562

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
  • $1,143

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,1254$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 9711 W Riviera Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11275 N 99th Avenue #99 Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,153 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,153 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.95
    •  
  • 12407 N Cantata Court Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.97
    •  
  • 10020 W Coggins Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 10131 W Palmer Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jenny Kennedy
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199299
Last Updated: 02/27/2021
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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