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9831 W Lindgren Avenue Sun City, AZ 85373

2 Beds 2 Baths 1,827 sqft Built 1978

$398,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $218.34
  • 2 Days on Market
  • MLS # : 6213222
  • Updated Date : 03/27/2021 at 15:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

ABSOLUTELY AMAZING ANNAPOLIS! THIS 2BR/1.75BTH HOME W/ SPARKLING POOL HAS IT ALL! MILGARD DUAL PANE WINDOWS & SLIDER, ROOF-'19, HVAC-'19, EXTERIOR PAINTED-'19. SPACIOUS KITCHEN, WHICH IS OPEN TO THE AZ ROOM FEATURES QUARTZ COUNTER TOPS, STAINLESS STEEL APPLIANCES, UNDER CABINET LIGHTING, TILED BACK SPLASH, RECESSED LIGHTING, SELF-CLOSING CABINETS, & BREAKFAST BAR. BOTH BATHROOMS HAVE BEEN BEAUTIFULLY REMODELED. MASTER BATH HAS A TILED SHOWER & DOUBLE SINKS. PLANTATION SHUTTERS AND CELLULAR SHADES, CEILING FANS. UTILITY RM W/ WASHER/DRYER & LAUNDRY TUB. 2 CAR GARAGE W/ ATTACHED CABINETS & FLOOR HAS EPOXY FINISH. BACKYARD PARADISE COMPLETE W/ EXPANDED PATIO & COVER, BLOCK FENCING, & GORGEOUS SWIMMING POOL-'16!! NORTH/SOUTH EXPOSURE. EXCELLENT LOCATION. YOU WILL LOVE IT!!

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
 

$359,010$438,790$398,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,386
Property Tax -$212
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
-$191

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.

$398,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.40%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,459

INVESTMENT

$111,459

Down Payment
$99,725
Rehab Estimate
$5,750
Closing Costs
$5,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,725
Loan Amount $299,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,4954$1,6105$1,795
$1,795
RENT COMPS ANALYSIS
  • 9831 W Lindgren Avenue Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.88
    •  
  • 17623 N Foothills Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 17626 N Foothills Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 9613 W Taro Lane Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1984
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 9720 W Lodestone Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joan Andersen
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213222
Last Updated: 03/27/2021
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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