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

3575 N Colonial Court Florence, AZ 85132

2 Beds 2 Baths 1,816 sqft Built 2006

INVESTimate

$299,900

List Price

$1,490

$1,341 - $1,639

Rent Est.

$314,325  ( +4.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $165.14
  • 4 Days on Market
  • MLS # : 6118555
  • Updated Date : 08/25/2020 at 10:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,816 sqft
  • Baths : 2 full
Listing Agent

Superlative Realty

Listing Agent's Description

Popular Newport...over the top! This home is situated on a Premium Cul-de-sac lot and Features a recently remodeled Kitchen with over $50k in updates including: Subway Tile Backsplash, all new Soft Close Cabinets/Roll Out Drawers, Appliances, Granite Kitchen Counters and Peninsula, additional storage and Custom pop up Charging Station to name a few.... Ceiling Fans, Plantation Shutters, Accordion Blinds, Tile and Tile Plank Flooring, throughout (no carpet). Start your day on the beautiful private 11 x 24 Covered Patio overlooking the huge lot with mature landscaping, Lemon, Lime, and Grapefruit Trees. Garage has insulated doors and extended to 27ft...don't let this one get away!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,107
Property Tax -$246
Property Insurance -$63
HOA -$156
Property Management Fees -$99
CASH FLOW
-$180

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.

$299,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,098

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
  • $1,610

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,4504$1,800
$1,800
RENT COMPS ANALYSIS
  • 3575 N Colonial Court Florence, 1
    • 2 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7980 W Desert Blossom Way Florence, 2
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.81
    •  
  • 3916 N Hawthorn Drive Florence, 3
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 5619 W Cinder Brook Way Florence, 4
    • 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Shelly Tchida
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118555
Last Updated: 08/25/2020
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.

BESbswy