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6056 E Sotol Drive Florence, AZ 85132

4 Beds 3 Baths 1,873 sqft Built 2016

$215,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $114.79
  • 4 Days on Market
  • MLS # : 6151595
  • Updated Date : 10/31/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,873 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

This beautiful 4 bedroom, 2.5 bathroom home is simply charming. Upon entry you're greeted by soaring ceilings, easy second floor access and a powder room. Continue to the spacious family room which offers easy flow to the beautiful kitchen! The large eat-in island will surely catch your eye, sparkling granite counter tops, plenty of cabinets for storage, and a pantry!! Continue to the second floor and find 3 large bedrooms, a full bath and a perfectly located laundry room. The fourth and final bedroom is the spacious master bedroom with a large walk in closet. The master bath features a walk in shower and extended counter space. Take full advantage of the solar panels that this home offers and keep your electric bills low! Beat the summer heat by relaxing under your covered back Patio!

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$793
Property Tax -$136
Property Insurance -$64
HOA -$52
Property Management Fees -$99
CASH FLOW
$186

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.

$215,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.62%

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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$34,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3303$1,3754$1,4505$1,535
$1,535
RENT COMPS ANALYSIS
  • 6056 E Sotol Drive Florence, AZ 2
    • 4 beds 3 baths ∙ 1,873 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,873 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.71
    •  
  • 6135 E Oasis Boulevard Florence, AZ 1
    • 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2015
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 5771 E Everhart Lane Florence, AZ 3
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.68
    •  
  • 6790 E Shamrock Street Florence, AZ 4
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2006
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 25184 N Atlas Road Florence, AZ 5
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2020
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.80
    •  
PROPERTY LISTING DETAILS
Michael J Robert
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151595
Last Updated: 10/31/2020
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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