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9912 W Desert Forest Circle Sun City, AZ 85351

2 Beds 2 Baths 1,305 sqft Built 1971

$364,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $279.62
  • 8 Days on Market
  • MLS # : 6197381
  • Updated Date : 02/23/2021 at 23:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,305 sqft
  • Baths : 2 full
Listing Agent

Zion Realty, Llc

Listing Agent's Description

Newly remodeled, 2 bd/2 bath, fully handicap accessible home with 2 car garage located in the exclusive upscale 55+ active retirement community of Sun City Phase 2. It's completely redesigned open floor plan boasts a large modern entertainment kitchen featuring a copper island range hood, copper farm sink with an oil rubbed bronze faucet(pot filler), garbage disposal, pull out under sink garbage bin, unique quartz countertops(raised bar top), modern white cabinets with bonus kitchen storage drawers, built-in barn door pantry, recessed LED lighting and brand new stainless steel kitchen appliances including a handicap accessible pullout drawer microwave. There is also a bonus wine chiller 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

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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,267
Property Tax -$194
Property Insurance -$53
HOA -$4
Property Management Fees -$99
CASH FLOW
-$427

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.

$364,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.33%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$620

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
  • $1,292

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2154$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 9912 W Desert Forest Circle Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9901 W Desert Forest Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 13622 N 98th Avenue #f Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,215
    • $1.03
    •  
  • 13807 N Tan Tara Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 10010 W Sandstone Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1971
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jake Carter
Zion Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197381
Last Updated: 02/23/2021
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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