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10009 N Balboa Drive Sun City, AZ 85351

3 Beds 2 Baths 1,448 sqft Built 1969

$238,500

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $164.71
  • 5 Days on Market
  • MLS # : 6164738
  • Updated Date : 11/27/2020 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,448 sqft
  • Baths : 1 full , 1 half
Listing Agent

Frye Realty

Listing Agent's Description

Welcome to your new Sun City home. This home has been updated with dual pane windows, tile and laminate flooring, hickory kitchen cabinetry, upgraded lighting and plumbing fixtures. This home is ready for you. The fenced back yard is easy care with a covered patio for year round enjoyment. Both bathrooms feature newer vanities, and raised toilets and the master has a tile walkin shower. The Gas Pac for heating and AC has been replaced as well as the water heater. The garage is an enclosed carport with plenty of room for two cars. The utility room is large and has work benches and extra storage cabinets. This is a great home.

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.
 

$214,650$262,350$238,500

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$880
Property Tax -$127
Property Insurance -$55
HOA -$4
Property Management Fees -$99
CASH FLOW
$55

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.

$238,500

PROJECTED PRICE

$1,220

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,953

INVESTMENT

$68,953

Down Payment
$59,625
Rehab Estimate
$5,750
Closing Costs
$3,578

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$880

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,625
Loan Amount $178,875
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$23,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,368

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3503$1,3654$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 10009 N Balboa Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.84
    •  
  • 10037 N 107th Avenue Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 9343 W Mission Lane Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1985
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $1.06
    •  
  • 9930 W Crosby Circle S Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 10050 W Clair Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1965
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
PROPERTY LISTING DETAILS
Vicki H. Frye
Frye Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164738
Last Updated: 11/27/2020
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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