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6506 W Georgetown Way Florence, AZ 85132

3 Beds 2 Baths 2,059 sqft Built 2011

$349,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $169.94
  • 2 Days on Market
  • MLS # : 6163314
  • Updated Date : 11/20/2020 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,059 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

This beautiful and well kept home is an amazing find in Anthem at Merrill Ranch! This meticulously cared for home was a part time residence for the owners. Some of the many features include; custom paint, granite, upgraded flooring, bonus room attached to master bedroom, soft water system, reverse osmosis, great pool and spa, backs a wash and the list goes on and on. This home is also offered with everything included! Community features include a gym, walking and bike paths, pool, meeting rooms, teen space, beach volleyball, and Troon golf course with resident rates! Come see your dream home!

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
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,291
Property Tax -$293
Property Insurance -$67
HOA -$45
Property Management Fees -$99
CASH FLOW
-$365

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.

$349,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4254$1,4305$1,500
$1,500
RENT COMPS ANALYSIS
  • 6506 W Georgetown Way Florence, AZ 4
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.69
    •  
  • 7628 W Georgetown Way Florence, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 2374 N Petersburg Drive Florence, AZ 2
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 2735 N Princeton Drive Florence, AZ 3
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2012
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.81
    •  
  • 2975 N Hawthorn Drive Florence, AZ 5
    • 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2007
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Donald Greenberg
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163314
Last Updated: 11/20/2020
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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