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5562 W Victory Way Florence, AZ 85132

3 Beds 2 Baths 2,152 sqft Built 2015

$279,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $130.07
  • 7 Days on Market
  • MLS # : 6161171
  • Updated Date : 11/16/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,152 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Located within the all-ages resort community of Anthem at Merrill Ranch, this beautiful Manzanita floor plan offers 3 bedrooms + den & 2 baths in 2152 SqFt with an open great room floor plan. The kitchen is nicely designed with staggered maple cabinetry with crown molding, granite counters, tile backsplash, gas range, stainless appliances, walk-in pantry, and island with breakfast bar and pendant lighting. Sliding doors lead out from the great room to the covered patio with ceiling fan, extended paver patio, custom shed with electricity, and low maintenance backyard that borders the common area. The master bedroom has an en-suite bath with dual sink vanity, oversized shower, and large walk-in closet. Other features include a 2-1/2 car garage with storage cabinets, water softener, newly **

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
 

$251,910$307,890$279,900

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 -$1,033
Property Tax -$271
Property Insurance -$69
HOA -$45
Property Management Fees -$99
CASH FLOW
-$116

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.

$279,900

PROJECTED PRICE

$1,400

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$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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,352

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
  • $0.65

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,298
1$1,2982$1,3503$1,400
$1,400
RENT COMPS ANALYSIS
  • 5562 W Victory Way Florence, AZ 3
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 8047 W Georgetown Way Florence, AZ 1
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,298
    • $0.70
    •  
  • 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
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161171
Last Updated: 11/16/2020
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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