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2715 N Princeton Drive Florence, AZ 85132

3 Beds 2 Baths 2,033 sqft Built 2011

$269,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $132.76
  • 5 Days on Market
  • MLS # : 6154201
  • Updated Date : 10/30/2020 at 16:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,033 sqft
  • Baths : 2 full
Listing Agent

Merrill Ranch Realty, Llc

Listing Agent's Description

This beautiful 3 bedroom/2 bathroom, den/office and a bonus room off the master that can be used as a nursery, workout room, sitting room etc. is available for your consideration. This ''Dawn'' model is perfectly appointed on a large premium lot and features a very open floor plan with upgrades, options and details that include mature landscape w/natural grass, upgraded tile in the main living areas, custom color palette, newer stainless steel appliances w/gas range, espresso cabinetry w/crown molding, R/O system, soft water loop, ceiling fans and window treatments. The large master bedroom offers a his/hers vanity, soaking tub w/separate shower in the en-suite and a walk-in closet. The two additional rooms are of generous size and the guest bathroom offers a tub/shower combination.

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$996
Property Tax -$248
Property Insurance -$67
HOA -$45
Property Management Fees -$99
CASH FLOW
-$54

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.

$269,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.52%

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4004$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 2715 N Princeton Drive Florence, AZ 3
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 7576 W Millerton Way Florence, AZ 1
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 7628 W Georgetown Way Florence, AZ 2
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 2735 N Princeton Drive Florence, AZ 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2012
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.81
    •  
  • 2975 N Hawthorn Drive Florence, AZ 5
    • 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2007
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Gary Todd King
Merrill Ranch Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154201
Last Updated: 10/30/2020
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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