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PROPERTY INFO
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 **
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PRICE & RENT TRENDS
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
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
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- Rent
- Rent Per SQFT
- $1,400
- $0.65
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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
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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
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LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,350
- $0.71
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161171
Last Updated: 11/16/2020
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.
