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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $147.21
- 5 Days on Market
- MLS # : 6175505
- Updated Date : 01/02/2021 at 15:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,241 sqft
- Baths : 2 full
Listing Agent
Merrill Ranch Realty, Llc
Listing Agent's Description
Enjoy the tour of this Anthem at Merrill Ranch ''Cliff'' model as it offers all the upgrades you are looking for and more! Your new home is an entertainers dream located on a large PREMIUM N/S lot and is surrounded by common areas to the North, East and South for private entertaining. The outdoor living space also features an extended paver patio, BBQ island, sun shades, gas stub and synthetic grass. The beautiful chefs kitchen in this open floor plan includes staggered cabinetry w/crown molding, soft close drawers, granite counters, gas cooktop and an R/O system. Your beautiful new home offers upgraded wood look tile flooring throughout the home, built-in entertainment center, ceiling fans, water softener, tankless hot water, solar savings, custom color palette and a 4' garage extension.
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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 | $1,600 |
| EXPENSES | Loan Payment | -$1,217 |
| Property Tax | -$172 | |
| Property Insurance | -$71 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$329,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.48%
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
$93,174
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
5.58
YEARS SAVED
$23,964
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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- $1,350
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- 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
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8482 W Sonoma Way Florence, AZ 4
- 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,795
- $0.86
PROPERTY LISTING DETAILS
Merrill Ranch Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175505
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
