Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $184.33
- 2 Days on Market
- MLS # : 6207009
- Updated Date : 03/13/2021 at 20:31
CONSTRUCTION
- Beds : 2
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
Merrill Ranch Realty, Llc
Listing Agent's Description
LOCATION, LOCATION, LOCATION! This immaculate ''Providence'' model offers all the right details you're looking for starting with a PREMIUM wash lot, on a cul-de-sac street that opens to a common area with desert landscape and privacy, extended paver patio, beautiful landscape and gas stub for a BBQ. Enjoy the numerous upgrades that include granite counters, stainless steel appliances, true staggered maple cabinetry w/crown molding, under cabinet lighting, upgraded tile on the diagonal in the main living areas, surround sound, laundry cabinets, golf cart garage, R/O system, water softener, ceiling fans, fresh exterior paint, solar screens and a neutral interior color palette. Home is to be sold ''TURN-KEY'' (conveying contents available) for an additional $10,000 on a separate bill of sale.
SEE MORE
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 | $1,330 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$239 | |
| Property Insurance | -$59 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$160
|
||
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.
$299,900
PROJECTED PRICE
$1,330
PROJECTED RENT
0.44%
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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
2.58
YEARS SAVED
$6,147
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,421
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
6644 W Sandpiper Court Florence, AZ 1
- 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7329 W Candlewood Way Florence, AZ 2
- 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 2007
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,200
- $0.83
-
7980 W Desert Blossom Way Florence, AZ 3
- 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 2009
LEASED 07/05/20- Rent
- Rent Per SQFT
- $1,200
- $0.81
-
6696 W Heritage Way Florence, AZ 4
- 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,381 Sqft ∙ Built 2007
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,350
- $0.98
PROPERTY LISTING DETAILS
Merrill Ranch Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6207009
Last Updated: 03/13/2021
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.
