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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $154.49
- 4 Days on Market
- MLS # : 6198962
- Updated Date : 02/27/2021 at 23:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,136 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
You'll love this beautifully upgraded, better-than-new home that offers 4 bedrooms + den/office & 2 baths in 2136 SqFt with an open great room layout and split bedrooms. The gourmet kitchen has upgraded staggered soft-close cabinetry with satin nickel hardware, granite countertops, subway tile backsplash, stainless Whirlpool appliances, gas range, Moen pulldown faucet, walk-in pantry & island with breakfast bar & pendant lighting. The great room has a built-in media wall and sliding doors that lead out to the covered patio, additional paver patio and a fenced pool. The master bedroom has a private bath with dual rectangle-sink vanity, oversized tiled shower with grab bar, and walk-in closet with custom built-ins. Other features include a 2 car garage with epoxy floors, double utility gate,
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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 | $1,880 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$292 | |
| Property Insurance | -$69 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$229
|
||
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.
$330,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.57%
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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
9
YEARS SAVED
$40,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,837
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/23/20- Rent
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- $1,600
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- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2013
LEASED 12/31/20- Rent
- Rent Per SQFT
- $1,600
- $0.80
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3440 N Spyglass Drive Florence, AZ 4
- 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006
LEASED 02/04/21- Rent
- Rent Per SQFT
- $1,750
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198962
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
