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12242 N Balboa Drive Sun City, AZ 85351

2 Beds 2 Baths 1,862 sqft Built 1978

$265,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $142.32
  • 6 Days on Market
  • MLS # : 6166383
  • Updated Date : 12/01/2020 at 16:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,862 sqft
  • Baths : 1 full , 1 half
Listing Agent

Gillham Team Real Estate

Listing Agent's Description

Well-designed open Kitchen with ALL new cabinets, granite counter tops and stainless steel appliances. Living Room and Family Room Offers Infinite Adaptability to any decor or Color Scheme, Newer Energy Efficient Windows And Sliders, New Carpet and Tile throughout home, New paint throughout as well. Large Master Bedroom with walk-in closet. Spacious 2nd Bedroom With Ample Closet Space and door to hall bath. Large Utility Room With Extra Storage cabinets and wired with a 240 volt connection. 2 Car Garage with an evap cooler. Enjoy the Screened in Patio with a large back yard that is completely fenced in. The Listing Agent is a member of the LLC that owns the property. There is a skylight in the kitchen and the Hall bathroom.

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.
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$978
Property Tax -$141
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
$158

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.

$265,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.56%

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$36,618

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
  • $1,355

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4504$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 12242 N Balboa Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12018 N Rio Vista Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 12406 N 98th Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 11662 N Rio Vista Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
  • 11407 N Floral Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Brian Gillham
Gillham Team Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166383
Last Updated: 12/01/2020
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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