Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $151.87
- 3 Days on Market
- MLS # : 6170008
- Updated Date : 12/11/2020 at 08:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,606 sqft
- Baths : 2 full
Listing Agent
Merrill Ranch Realty, Llc
Listing Agent's Description
This beautiful ''Triumph'' model of Anthem at Merrill Ranch has everything you are looking for in a new home at a FRACTION of the COST! Some of the many benefits, upgrades and options offered with this gorgeous home include a PREMIUM corner lot, mature desert landscape and an extended paver patio. The open floor plan concept boasts many well appointed upgrades that include staggered cabinetry w/crown molding and stainless pulls, granite counters, tile backsplash, upgraded tile and laminate flooring, ceiling fans, water softener, laundry/garage cabinets and shelving. A must see home before it's SOLD! Remember you are buying a lifestyle that goes beyond the homes property lines. Anthem at Merrill Ranch also offers a community pool, tennis, work out facility, waterpark and MUCH MORE!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$900 |
| Property Tax | -$227 | |
| Property Insurance | -$59 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$69
|
||
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.
$243,900
PROJECTED PRICE
$1,260
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,384
LOAN DETAILS
$900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,975 |
| Loan Amount | $182,925 |
4.08
YEARS SAVED
$10,634
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,365
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2275 N Potomac Court Florence, AZ 2
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,260
- $0.78
-
7347 W Millerton Way Florence, AZ 1
- 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,195
- $0.82
-
2374 N Petersburg Drive Florence, AZ 3
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,400
- $0.79
-
2313 N Pecos Drive Florence, AZ 4
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,450
- $0.90
-
2408 N Petersburg Drive Florence, AZ 5
- 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2016
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
PROPERTY LISTING DETAILS
Merrill Ranch Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170008
Last Updated: 12/11/2020
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.
