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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $129.58
- 2 Days on Market
- MLS # : 6176442
- Updated Date : 01/02/2021 at 20:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,701 sqft
- Baths : 2 full , 1 half
Listing Agent
Merrill Ranch Realty, Llc
Listing Agent's Description
Your beautiful new home is perfectly appointed on a PREMIUM ARROYO/WASH LOT with a North/South orientation, perfect for private enjoyment of our Arizona weather. As you enter the open floor plan of this very popular ''Plateau'' model take a moment to appreciate the options, upgrades and details that include a chefs kitchen w/true staggered cherry cabinetry, soft close drawers, stainless steel Kitchen Aid appliances, granite counters, convection oven, R/O system, water softener, new hot water heater, built-in entertainment center, custom color palette, gorgeous wood plank tile flooring, ceiling fans, surround sound, laundry cabinets, comfort height toilets and sinks and a 4' garage extension, Nest, keyless garage entry and a solar savings.
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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 | $1,730 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$332 | |
| Property Insurance | -$80 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$117
|
||
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.
$350,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.49%
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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.67
YEARS SAVED
$13,681
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
-
$1,945
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
5589 W Admiral Way Florence, AZ 1
- 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3864 N Huntington Drive Florence, AZ 2
- 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2019
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,900
- $0.72
PROPERTY LISTING DETAILS
Merrill Ranch Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176442
Last Updated: 01/02/2021
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.
