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2465 N Monticello Drive Florence, AZ 85132

5 Beds 3 Baths 2,516 sqft Built 2006

$259,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $103.30
  • 1 Days on Market
  • MLS # : 6163710
  • Updated Date : 11/21/2020 at 21:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,516 sqft
  • Baths : 3 full
Listing Agent

Presidential Realty, Llc

Listing Agent's Description

This property has it all! Enjoy comfortable large family living with this 5bed, 3 Full Bath home that has a bedroom and full bathroom on the 1st floor. The kitchen has tons of cabinet space and includes all stainless steel appliances. All bedrooms upstairs have nice thick padded carpet that is in excellent condition. Control temperatures from your phone with Nest Wi-Fi Thermostats. Save monthly with installed solar panels. Enjoy all the benefits of Anthem Parkside including an incredible 43,000sq ft community center with rock wall & full basketball courts, fitness center, kid zone, community pool, water park, tennis courts, dog park, fishing lake, and so much more. Call this one your home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem at Merrill Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Anthem at Merrill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8971567

* 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
Anthem K-8 School Primary Regular 826 37 4
Anthem K-8 School Middle Regular 826 37 4
Anthem K-8 School High Regular 826 37 4

Anthem K-8 School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: Middle
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: High
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$959
Property Tax -$280
Property Insurance -$76
HOA -$45
Property Management Fees -$99
CASH FLOW
-$18

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.

$259,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,700
$1,700
RENT COMPS ANALYSIS
  • 2465 N Monticello Drive Florence, AZ 1
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7610 W Millerton Way Florence, AZ 2
    • 5 beds 3 baths ∙ 2,300 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,300 Sqft ∙ Built 2008
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.61
    •  
  • 7498 W Pleasant Oak Way Florence, AZ 3
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2006
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.63
    •  
PROPERTY LISTING DETAILS
Stephen L Jackson
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163710
Last Updated: 11/21/2020
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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