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9932 W Edward Drive Sun City, AZ 85351

3 Beds 2 Baths 1,766 sqft Built 1964

$280,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $158.55
  • 6 Days on Market
  • MLS # : 6171643
  • Updated Date : 12/15/2020 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Welcome home! This charming 3 bed, 2 bath home is filled with updates and feels warm and inviting. Nice open floorplan with no carpet! The light and bright custom kitchen boasts white cabinets, granite counters, wall oven, stainless appliances, walk-in pantry, and breakfast bar seating. Interior laundry with cabinets and sink. Relax in the large master suite complete with his/her closets and private bathroom with a beautifully tiled shower and updated fixtures. Huge, fully landscaped backyard has an extended covered patio and fruit trees. Bonus room with AC can be a great office, craft space, man-cave, or more! 2.5 car garage with cabinets and AC! Newer roof (2013) still under warranty. Leased solar. Great location within walking-distance to the golf course. Don't wait, take a look today!

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.
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,033
Property Tax -$149
Property Insurance -$62
HOA -$41
Property Management Fees -$99
CASH FLOW
$46

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.

$280,000

PROJECTED PRICE

$1,430

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-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,4254$1,4305$1,500
$1,500
RENT COMPS ANALYSIS
  • 9932 W Edward Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.81
    •  
  • 10750 W Crosby Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1961
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.81
    •  
  • 10825 W Canterbury Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 12214 N Thunderbird Road Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 11613 N 92nd Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1973
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Matthew Dixon
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171643
Last Updated: 12/15/2020
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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