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12618 W Blue Bonnet Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,158 sqft Built 1983

$225,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $194.30
  • 3 Days on Market
  • MLS # : 6160310
  • Updated Date : 11/13/2020 at 16:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,158 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This 2 bed and 1.75 bath home has been well maintained. You can see from the curb appeal the owners have pride of ownership. Plus, new roof, new AC and new paint in 2018. The front room is spacious with plenty of room for an entertainment center or just to sit and read in comfort. The kitchen is wonderful with plenty of cabinet space and roll out drawers to keep you from bending down and hunting for those elusive pots and pans. The laundry area is huge! (8 x 20 feet) Perfect for an office space or a craft room! The master bedroom has tons of closet space and room to stretch out! The backyard is manicured and wide open. This backyard would be an incredible place to master the grill and entertain guests! Since the backyard faces east, you'll be able to enjoy evenings on the patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10132109

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$830
Property Tax -$129
Property Insurance -$50
HOA -$33
Property Management Fees -$99
CASH FLOW
$49

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.

$225,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$21,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,193

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1903$1,2004$1,2005$1,400
$1,400
RENT COMPS ANALYSIS
  • 12618 W Blue Bonnet Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.03
    •  
  • 13226 W La Terraza Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 12415 Cougar Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1980
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.01
    •  
  • 12742 W Crystal Lake Drive Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 1983
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 19810 N 124th Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Paul E Jackson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160310
Last Updated: 11/13/2020
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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