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6048 W Sandpiper Way Florence, AZ 85132

2 Beds 2 Baths 2,002 sqft Built 2019

$426,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $212.79
  • 6 Days on Market
  • MLS # : 6204453
  • Updated Date : 03/13/2021 at 03:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,002 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Looking for a new place to call home? This property is a true gem, offering a professionally landscaped desert front yard. An enchanting entrance leads you to the fantastic interior complete with everything you have been looking for; a perfectly sized den, a great room with living & dining area, so much natural light, and luxurious light fixtures. This gleaming eat-in kitchen would make any home chef jealous with its granite counter-tops, SS appliances, pantry, cabinetry with crown molding, beautiful pendant lighting, and convenient centered island w/breakfast bar. Fall in love with this charming master suite offering a lavish bathroom with dual vanity and a generous walk-in closet. Relax in this impressive backyard with exterior fireplace and mini-golf. This is the one. Call today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem at Merrill Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Anthem at Merrill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8971567

* 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
Florence High School High Regular 778 41 4

Florence High School

  • Education Level: High
  • # of students: 778
  • # of teachers: 41
4
GreatSchools Rating
 

$383,400$468,600$426,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,480
Property Tax -$339
Property Insurance -$66
HOA -$52
Property Management Fees -$99
CASH FLOW
-$126

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.

$426,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,640

INVESTMENT

$118,640

Down Payment
$106,500
Rehab Estimate
$5,750
Closing Costs
$6,390

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,480

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,500
Loan Amount $319,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,910
$1,910
RENT COMPS ANALYSIS
  • 6048 W Sandpiper Way Florence, AZ 2
    • 2 beds 2 baths ∙ 2,002 Sqft ∙ Built 2019 2 beds 2 baths ∙ 2,002 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.95
    •  
  • 5619 W Cinder Brook Way Florence, AZ 1
    • 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 2018
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204453
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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