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7090 W Candlewood Way Florence, AZ 85132

3 Beds 2 Baths 2,150 sqft Built 2016

$339,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $157.67
  • 7 Days on Market
  • MLS # : 6197241
  • Updated Date : 02/26/2021 at 21:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72 Hour Home Sale! Inquire immediately. Great curb appeal for this charming Manzanita model 3 bed, den and 2 bath home that is located in the Anthem At Merrill Ranch community. Carpet & tile in all the right places. Home office. Open concept floor plan. Family room has beautiful wood-like vinyl wood floors. The bedrooms have plush carpeting & ceiling fans. The primary bedroom has a 3/4 bath with double vanity and a walk-in closet. Interior laundry. The garage has epoxy floors and includes rack storage. The backyard has an extended covered patio and good landscaping. Over $30K in upgrades--see Supplement. Fabulous Anthem amenities and golf courese.

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
Florence High School High Regular 778 41 4

Florence High School

  • Education Level: High
  • # of students: 778
  • # of teachers: 41
4
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,177
Property Tax -$182
Property Insurance -$69
HOA -$45
Property Management Fees -$99
CASH FLOW
$28

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.

$339,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.47%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,852

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
  • $1,828

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7504$1,795
$1,795
RENT COMPS ANALYSIS
  • 7090 W Candlewood Way Florence, AZ 1
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2993 N Princeton Drive Florence, AZ 2
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2013
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 3440 N Spyglass Drive Florence, AZ 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 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
Alexander M Prewitt
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197241
Last Updated: 02/26/2021
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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