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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Magma Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Magma Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,850
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
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
-
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
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163300
Last Updated: 11/20/2020
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.
