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5381 W Victory Way Florence, AZ 85132

3 Beds 2 Baths 1,992 sqft Built 2015

$299,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $150.10
  • 14 Days on Market
  • MLS # : 6149624
  • Updated Date : 11/01/2020 at 12:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,992 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Elegance meets comfort in this gorgeous home in the Community of Anthem at Merrill Ranch. This stunning entertainers home on a large premium lot boasts an open floor plan with an elegant model quality kitchen. Designer upgrades include exquisite staggered cabinets with crown molding, pull outs on all the lower cabinets, large pantry & kitchen island. All stainless steel appliances including the refrigerator and gas cooktop. Split floor plan with ceiling fans throughout & spacious 3 car tandem garage. Enter into the large master suite where you will find a custom walk in shower, dual vanity and a large walk in closet. Professionally designed landscaping in a Private backyard oasis. Welcome Home!

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
 

$269,100$328,900$299,000

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 -$1,103
Property Tax -$265
Property Insurance -$66
HOA -$45
Property Management Fees -$99
CASH FLOW
-$178

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.

$299,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,890

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
  • $1,547

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3504$1,425
$1,425
RENT COMPS ANALYSIS
  • 5381 W Victory Way Florence, AZ 1
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8011 W Georgetown Way Florence, AZ 2
    • 4 beds 3 baths ∙ 1,693 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,693 Sqft ∙ Built 2008
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 7576 W Millerton Way Florence, AZ 3
    • 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
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Holli A Stella
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149624
Last Updated: 11/01/2020
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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