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11441 N Balboa Drive Sun City, AZ 85351

2 Beds 2 Baths 1,514 sqft Built 1963

$245,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $161.82
  • 1 Days on Market
  • MLS # : 6191058
  • Updated Date : 02/07/2021 at 03:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,514 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Corner house with great appeal, FURNISHED, 2 bedrooms, 2 bath, tile and high quality Pergo, extra large family room, dining room, laundry room with wall to wall closet. 3 months old roof, 2 years old sewer line, new irrigation pipes, kitchen with lots of cabinets. Paint is 1.5 years old, no popcorn ceilings, new fans, new privacy fence, Most of the furniture convey. List of the ones that doesn't. LEASED SOLAR. $155 MONTHLY.Transferable Home WarrantyLarge storage behind the carport.OWNER/AGENT55+ COMMUNITY

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$851
Property Tax -$130
Property Insurance -$57
HOA -$82
Property Management Fees -$99
CASH FLOW
$91

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.

$245,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.53%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$22,372

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
  • $1,378

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2504$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 11441 N Balboa Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,514 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,514 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11834 N Sun Valley Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 10007 W Lakeview Circle S Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 10214 W Pinehurst Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 11811 N Sun Valley Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,420 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,420 Sqft ∙ Built 1978
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Marina Georgiev
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191058
Last Updated: 02/07/2021
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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