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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
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
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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
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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
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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
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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
Re/max Solutions
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184124
Last Updated: 01/22/2021
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.
