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11486 E Sunflower Lane Florence, AZ 85132

3 Beds 2 Baths 1,542 sqft Built 2020

$290,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $188.07
  • 2 Days on Market
  • MLS # : 6163300
  • Updated Date : 11/20/2020 at 17:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Classic Corner Lot 3 Bed, 2 Bath Home, across from a Park, is NOW AVAILABLE! This is a ''smart'' home and doors, garage door, thermostat and lights can be controlled remotely. This home is LOADED with upgrades. Upgraded Tile flooring & Roller Shades, throughout. Large Granite Island, Stainless Steel appliances and Pantry in the Lux Kitchen. Master includes a Large Walk-in-Closet, Dual-sinks, Walk-in-Shower and Tub in Full Master Bath. Enjoy plenty of storage space, including Cabinets in the Laundry Room & Toilet Room. Relax in your Private Sparkling Pool with New Ground Vacuum & Pebble Sheen, PLUS a Cool Covered Patio. This oasis can be yours! Don't miss a chance to view this dream home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Magma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Magma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Magma Ranch K-8 School Primary Regular 788 35 4
Magma Ranch K-8 School Middle Regular 788 35 4
Poston Butte High School High Regular 1,801 79 4

Magma Ranch K-8 School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Magma Ranch K-8 School

  • Education Level: Middle
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,070
Property Tax -$153
Property Insurance -$57
HOA -$73
Property Management Fees -$99
CASH FLOW
-$212

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 15.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,850

INVESTMENT

$78,850

Down Payment
$72,500
Rehab Estimate
$2,000
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2403$1,2954$1,295
$1,295
RENT COMPS ANALYSIS
  • 11486 E Sunflower Lane Florence, AZ 2
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.80
    •  
  • 11360 E Marigold Lane Florence, AZ 1
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2017
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.95
    •  
  • 11214 E Wallflower Lane Florence, AZ 3
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2018
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 10490 E Sunflower Lane Florence, AZ 4
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2014
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
PROPERTY LISTING DETAILS
Peggy Young
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163300
Last Updated: 11/20/2020
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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