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5672 E Moira Road Florence, AZ 85132

3 Beds 2 Baths 1,769 sqft Built 2020

INVESTimate

$276,990

List Price

$1,240

$1,116 - $1,364

Rent Est.

$301,282  ( +8.77%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $156.58
  • 6 Days on Market
  • MLS # : 6120577
  • Updated Date : 08/21/2020 at 08:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

New Construction: Home to be completed November 2020. Home includes many upgraded and Included features such as granite slab countertops in kitchen. Stainless steel appliances including refrigerator. 30'' Espresso cabinets with upgraded crown molding. Also includes Whirlpool washer & dryer, 2'' blinds on front windows. Magic is conveniently located near Shopping, Hospitals, recreational parks, and scenic views. Amenities include playgrounds, ramadas, picnic tables, open playing fields and walking trails.

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
 

$249,291$304,689$276,990

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,022
Property Tax -$146
Property Insurance -$62
HOA -$35
Property Management Fees -$99
CASH FLOW
-$124

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.

$276,990

PROJECTED PRICE

$1,240

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.77%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,402

INVESTMENT

$75,402

Down Payment
$69,248
Rehab Estimate
$2,000
Closing Costs
$4,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,248
Loan Amount $207,743
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,652

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,353

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,1953$1,2404$1,2505$1,349
$1,349
RENT COMPS ANALYSIS
  • 5672 E Moira Road Florence, 3
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.70
    •  
  • 6162 E Desert Spoon Lane Florence, 1
    • 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015
    property image
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.76
    •  
  • 24554 N Shelton Way Florence, 2
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2005
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.74
    •  
  • 6135 E Oasis Boulevard Florence, 4
    • 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 5306 E Silverbell Road San Tan Valley, 5
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2007
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.77
    •  
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 #: 6120577
Last Updated: 08/21/2020
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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