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9720 W Lodestone Court Sun City, AZ 85373

2 Beds 2 Baths 1,997 sqft Built 1978

$325,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $162.74
  • 2 Days on Market
  • MLS # : 6168038
  • Updated Date : 12/05/2020 at 07:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Welcome home to this remodeled gem in the heart of Sun City! Situated on an oversized cul-de-sac lot, with north/south exposure, this 2 bedroom/2 bath home has a light and bright interior with wood plank tile flooring, neutral paint and plantation shutters throughout. Modern kitchen showcases high end Quartz countertops and backsplash, stainless steel appliances, an exposed wood beam and breakfast bar. Bedrooms are spacious with walk in closets. Oversize laundry room could easily be used as an office or game room. Relax in the large screened in tiled patio, while gazing at your desert style backyard. Don't forget the automatic sun shades on all of the doors and windows! Great to use for privacy or to keep your energy bills low while you are away! Virtual staging pictures included.

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.
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,199
Property Tax -$173
Property Insurance -$66
HOA -$41
Property Management Fees -$99
CASH FLOW
-$128

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.

$325,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,503

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4504$1,4755$1,600
$1,600
RENT COMPS ANALYSIS
  • 9720 W Lodestone Court Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 10122 W Willow Creek Circle Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 17623 N Foothills Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 18629 N Kiva Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 9760 W Kimberly Way Peoria, AZ 5
    • 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Rebecca Martinez
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168038
Last Updated: 12/05/2020
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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