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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $165.36
- 4 Days on Market
- MLS # : 6195599
- Updated Date : 02/19/2021 at 20:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,298 sqft
- Baths : 3 full
Listing Agent
Just Selling Az
Listing Agent's Description
Gorgeous Refuge floor plan in active adult community. Hard to find 3 bedrooms ,den and 2 full baths and 1 half bath lots of room for out of town guests ,nice extra space if you work at home. upgrade kitchen and 18x18 tile, Premium Beautiful granite. Gas cook top and range hood stainless steel and stainless REF, dishwasher . washer / dryer.Built in entertainment center ,lighted,under mount lighting under kitchen cabinets, over sized great room. beautiful landscaping front and back
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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 | $1,520 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$302 | |
| Property Insurance | -$72 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$325
|
||
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.
$380,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.40%
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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
1.42
YEARS SAVED
$2,575
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,792
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
5833 W Cinder Brook Way Florence, AZ 1
- 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.66
-
5407 W Heritage Way Florence, AZ 2
- 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2020
![property image]()
LEASED 02/14/21- Rent
- Rent Per SQFT
- $1,850
- $0.78
PROPERTY LISTING DETAILS
Just Selling Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195599
Last Updated: 02/19/2021
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.
