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5592 E Moira Road Florence, AZ 85132

5 Beds 3 Baths 2,722 sqft Built 2021

$344,990

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $126.74
  • 6 Days on Market
  • MLS # : 6173923
  • Updated Date : 12/26/2020 at 20:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,722 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

**NO WAITING LIST & NO LOTTERY** Ready to Close April 2021 - this beautiful home is located in the highly desirable Magic Ranch community. Prime lot with North South Exposure! Featuring countless upgrades such as 9' ceilings, Shaw Luxury Vinyl Plank flooring, Granite countertops in the kitchen. Whirlpool Stainless steel appliances including the refrigerator. Espresso cabinetry. Energy-efficient features throughout, Wi-Fi & programmable thermostat, and electric range. Spacious walk-in closet in owner's suite! Front yard landscaping with irrigation included and generous covered patio in the backyard. Minutes from hiking trails and scenic mountain views! Neighborhood park, greenbelts, playgrounds and covered picnic tables. Located near Queen Creek, highly rated schools, shopping & dining.

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

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
 

$310,491$379,489$344,990

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,273
Property Tax -$182
Property Insurance -$80
HOA -$35
Property Management Fees -$99
CASH FLOW
-$349

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$344,990

PROJECTED PRICE

$1,320

PROJECTED RENT

0.38%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,422

INVESTMENT

$93,422

Down Payment
$86,248
Rehab Estimate
$2,000
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,248
Loan Amount $258,743
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,140

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,320

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,425

    COMP ESTIMATED VALUE
  • $0.52

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3003$1,3204$1,395
$1,395
RENT COMPS ANALYSIS
  • 5592 E Moira Road Florence, AZ 3
    • 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.48
    •  
  • 6593 E Refuge Road Florence, AZ 1
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2006
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.45
    •  
  • 3705 E Sierrita Road San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.54
    •  
  • 5165 E Silverbell Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.58
    •  
PROPERTY LISTING DETAILS
Ashley Pickens
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173923
Last Updated: 12/26/2020
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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