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6885 E San Tan Way Florence, AZ 85132

3 Beds 2 Baths 1,343 sqft Built 2005

$215,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.09
  • 3 Days on Market
  • MLS # : 6184124
  • Updated Date : 01/22/2021 at 19:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 2 full
Listing Agent

Re/max Solutions

Listing Agent's Description

This spectacular home in the HIGHLY desired Magic Ranch Estates is a hidden gem! This spacious home is a 1343 SQFT Floor Plan which features 3 Bedrooms, 2 Bathrooms, and a roomy kitchen with an eat in dining bay window option to watch the beautiful AZ days! The homes open floor plan is great for the family and accommodates for all. If its the kiddos at home or grandchildren visiting your options are there. With a backyard that has a circled racing path for the family and established trees to provide shade, its a wonderful way to enjoy the peace and quiet this neighborhood has to offer. Come see this home today because at this price it will be gone tomorrow!

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

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$747
Property Tax -$116
Property Insurance -$53
HOA -$40
Property Management Fees -$99
CASH FLOW
$115

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

$1,170

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

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

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$22,848

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
  • $1,256

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,1954$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 6885 E San Tan Way Florence, AZ 1
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6775 E Shamrock Street Florence, AZ 2
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.92
    •  
  • 6703 E San Tan Way Florence, AZ 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
  • 6656 E Flynn Avenue Florence, AZ 4
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 24442 N Shelton Way Florence, AZ 5
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Alan W. Fletcher
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184124
Last Updated: 01/22/2021
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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