Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $243.90
- 1 Days on Market
- MLS # : 6197245
- Updated Date : 02/21/2021 at 02:39
CONSTRUCTION
- Beds : 2
- Floor Size : 984 sqft
- Baths : 1 full
Listing Agent
West Usa Realty
Listing Agent's Description
You will not be disappointed with the updates you'll find in this home. Bright and open floorplan with new tile and paint. New cabinets, quartz countertops and stainless steel appliances in the kitchen. Walk in shower and dual sinks in the master bathroom. Enclosed back porch (Arizona Room) with a fenced in patio is a plus. Garage has new epoxy floor and includes tool peg board, cabinets and shelves for storage. Laundry off of garage also has epoxy floor and shelves for storage.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $940 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$128 | |
| Property Insurance | -$46 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$208
|
||
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.
$240,000
PROJECTED PRICE
$940
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
1.58
YEARS SAVED
$2,037
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$940
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,016
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
9916 W Peoria Avenue W Sun City, AZ 1
- 2 beds 1 baths ∙ 984 Sqft ∙ Built 1963 2 beds 1 baths ∙ 984 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $940
- $0.96
-
10016 W Tarrytown Avenue Sun City, AZ 2
- 2 beds 1 baths ∙ 972 Sqft ∙ Built 1965 2 beds 1 baths ∙ 972 Sqft ∙ Built 1965
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $999
- $1.03
-
10200 N 96th Avenue #b Peoria, AZ 3
- 2 beds 2 baths ∙ 1,025 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,025 Sqft ∙ Built 1973
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,100
- $1.07
-
10111 W Cumberland Drive Sun City, AZ 4
- 2 beds 1 baths ∙ 1,149 Sqft ∙ Built 1966 2 beds 1 baths ∙ 1,149 Sqft ∙ Built 1966
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,129
- $0.98
-
9682 W Ironwood Drive #a Peoria, AZ 5
- 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1979
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,200
- $1.05
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197245
Last Updated: 02/21/2021
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.
