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5497 W Patriot Way Florence, AZ 85132

3 Beds 2 Baths 2,403 sqft Built 2019

$385,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $160.22
  • 9 Days on Market
  • MLS # : 6209917
  • Updated Date : 03/25/2021 at 18:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,403 sqft
  • Baths : 2 full
Listing Agent

Southwest Mountain Realty, Llc

Listing Agent's Description

Better than new 3 bedroom plus den Plateau with stone accents now available. Fantastic floor plan with extended dining area. Den with glass double doors off entry. Split bedroom plan. Master suite with huge walk in closet, master bath with walk-in tiled shower. Fabulous open great room floor plan. The kitchen is spacious and has an island plus extra cabinets and counter space galore! Beautiful granite counter tops and stainless steel appliances. Extended garage with built-in cabinets. Gorgeous plantation shutters and custom shades! Beautiful landscaped backyard with citrus trees to enjoy the Arizona sunshine. Great upgrades! Tankless gas hot water! Radiant barrier for energy savings. Security screen door. Fabulous Anthem amenities included in the HOA Fee.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85132

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Zip Code: 85132

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,337
Property Tax -$323
Property Insurance -$74
HOA -$45
Property Management Fees -$99
CASH FLOW
-$237

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,636

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
  • $1,694

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,850
$1,850
RENT COMPS ANALYSIS
  • 5497 W Patriot Way Florence, AZ 1
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7461 W Pleasant Oak Way Florence, AZ 2
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2007
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 5407 W Heritage Way Florence, AZ 3
    • 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2020
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
PROPERTY LISTING DETAILS
Robin M. Drew
Southwest Mountain Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209917
Last Updated: 03/25/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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