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3370 N Hawthorn Drive Florence, AZ 85132

2 Beds 2 Baths 1,610 sqft Built 2010

$306,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $190.62
  • 2 Days on Market
  • MLS # : 6176041
  • Updated Date : 01/02/2021 at 21:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous, meticulously maintained Providence floor plan on a PREMIUM lot is a must-see! This highly upgraded home with travertine entry walk, patio, and beautifully landscaped yard is an entertainer's delight. Inside, the luxurious chef's kitchen boasts granite countertops, gas stove and stainless appliances. The owner's suite has French doors to the patio with custom security doors and huge master closet. A Murphy wall bed system provides additional versatility to the den accommodating guests and an office. The garage plus golf cart garage has an epoxy floor and tons of built-in cabinets. Enjoy the Merrill Ranch country club lifestyle including the Anthem Grille, pools, exercise facility, pickleball, golf and all the amenities a Sun City community has to offer.

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
 

$276,210$337,590$306,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,132
Property Tax -$261
Property Insurance -$59
HOA -$52
Property Management Fees -$99
CASH FLOW
-$83

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.

$306,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.50%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,079

INVESTMENT

$87,079

Down Payment
$76,725
Rehab Estimate
$5,750
Closing Costs
$4,604

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,725
Loan Amount $230,175
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,363

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,4504$1,520
$1,520
RENT COMPS ANALYSIS
  • 3370 N Hawthorn Drive Florence, AZ 4
    • 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.94
    •  
  • 7329 W Candlewood Way Florence, AZ 1
    • 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 2007
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 7980 W Desert Blossom Way Florence, AZ 2
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.81
    •  
  • 3916 N Hawthorn Drive Florence, AZ 3
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dianne Zimmerman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176041
Last Updated: 01/02/2021
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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