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5918 E Valley View Drive Florence, AZ 85132

3 Beds 2 Baths 1,170 sqft Built 2005

$199,000

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $170.09
  • 3 Days on Market
  • MLS # : 6173813
  • Updated Date : 01/02/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

United Real Estate-alliance

Listing Agent's Description

LoWeather you are a first time buyer or are looking to retire, this home offers the perfect amount of space. This is a three (3) bedroom, two (2) bathroom home located in Oasis at Magic Ranch across from a green belt. Featuring an eat in kitchen with breakfast bar. The back yard is an open canvas, with a large amount of space to do whatever is desired. The exterior of the house have been newly painted with a fresh coat of paint.

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
Heartland Ranch Elementary School Primary Regular 491 19 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

Heartland Ranch Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 19
1
GreatSchools Rating

Hohokam Middle School

  • Education Level: Middle
  • # of students: 281
  • # of teachers: 13
2
GreatSchools Rating

Coolidge High School

  • Education Level: High
  • # of students: 611
  • # of teachers: 33
5
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$734
Property Tax -$107
Property Insurance -$50
HOA -$52
Property Management Fees -$99
CASH FLOW
-$62

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$199,000

PROJECTED PRICE

$980

PROJECTED RENT

0.49%

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) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$8,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,071

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$980
1$9802$1,1503$1,1704$1,1955$1,195
$1,195
RENT COMPS ANALYSIS
  • 5918 E Valley View Drive Florence, AZ 1
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.84
    •  
  • 24032 N Nectar Avenue Florence, AZ 2
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 6761 E Quiet Retreat -- Florence, AZ 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2003
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.91
    •  
  • 6558 E Haven Avenue Florence, AZ 4
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.93
    •  
  • 6775 E Shamrock Street Florence, AZ 5
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jonathan Russo
United Real Estate-alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173813
Last Updated: 01/02/2021
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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