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12210 N Balboa Drive Sun City, AZ 85351

2 Beds 2 Baths 1,186 sqft Built 1978

$234,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $198.06
  • 3 Days on Market
  • MLS # : 6176126
  • Updated Date : 01/02/2021 at 15:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,186 sqft
  • Baths : 2 full
Listing Agent

Revinre

Listing Agent's Description

This charming single family home sits on a large lot, boasts many updates, has a lush backyard with mature trees, two covered porches and is conveniently located to shopping & dining. A beautifully laid out floor plan with brand new flooring throughout, new carpets in all bedrooms and all interior and exterior has new paint as well! Head on over and see your bright & fully updated kitchen, that also offers a comfortable dine-in area for entertaining. Brand new water heater. All bathrooms have been fully updated, and the master bath also has a private toilet room. Unwind from the day in the comfort of your covered patio overlooking a spacious backyard, nestled by mature trees. This is a beautifully updated home that is 'move in ready'.

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.
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$867
Property Tax -$125
Property Insurance -$50
HOA -$41
Property Management Fees -$99
CASH FLOW
$98

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.

$234,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.54%

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$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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$27,553

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
  • $1,147

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,1004$1,3955$1,650
$1,650
RENT COMPS ANALYSIS
  • 12210 N Balboa Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12259 N Augusta Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1959
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.94
    •  
  • 11275 N 99th Avenue #37 Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1993
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.93
    •  
  • 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
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 10419 W Snead Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Michael J Ellis
Revinre
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176126
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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