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12630 N Blue Ridge Drive Sun City, AZ 85351

2 Beds 2 Baths 1,160 sqft Built 1979

$200,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $172.41
  • 3 Days on Market
  • MLS # : 6156276
  • Updated Date : 11/06/2020 at 20:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,160 sqft
  • Baths : 1 full , 1 half
Listing Agent

Prosmart Realty

Listing Agent's Description

Relocation is the only reason for this owner to leave this well kept and exceptional home! This special place features an open floor plan, tiled floors throughout, spacious kitchen, over-sized laundry room, 2 car garage with electric door opener and a wall of built in cabinets plus you can enjoy a covered patio with a rod iron fenced in yard. Energy saving upgrades have been done also to make this a truly great value!

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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.
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$738
Property Tax -$106
Property Insurance -$50
HOA -$7
Property Management Fees -$99
CASH FLOW
$180

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.

$200,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$35,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,177

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1253$1,1804$1,2505$1,270
$1,270
RENT COMPS ANALYSIS
  • 12630 N Blue Ridge Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $1.02
    •  
  • 12243 N Balboa Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.95
    •  
  • 12407 N Cantata Court Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.97
    •  
  • 10020 W Coggins Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 12634 N Blue Ridge Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.09
    •  
PROPERTY LISTING DETAILS
Richard A Lund
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156276
Last Updated: 11/06/2020
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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