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7161 W Noble Prairie Way Florence, AZ 85132

2 Beds 2 Baths 1,620 sqft Built 2015

$319,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $197.47
  • 2 Days on Market
  • MLS # : 6209973
  • Updated Date : 03/20/2021 at 05:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

PERFECT HIDEAWAY located in a peaceful, private setting adjacent to Common Area & Walking Path. Upgraded thru-out w/ built-in Entertainment Center; 18'' Designer Tile; expanded Bonus Room in Laundry; 4' Extended Garage; Oversized Paver Patio; Owners Suite w/ Bay Window & Plantation Shutters; Two Tone Custom Paint; UPGRADED Kitchen w/ Staggered Cherry Shaker Cabinets, Pull-outs, Gas Range, Pots & Pans Drawers; Granite Counters, RO, Tile Backsplash, Under Cabinet Lighting, Stainless Steel Appliances & Walk-in Pantry! More Features include trash/recycle corral; water softener, utility sink, tankless water heater, Insulated Attic Rafters, Ceiling Fans in Owner's Suite, Guest Rm & Gathering Rm; Washer & Dryer inc. Most Furniture available by separate Bill of Sale. Enjoy Resort Style Living!!

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,111
Property Tax -$255
Property Insurance -$59
HOA -$52
Property Management Fees -$99
CASH FLOW
-$296

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.

$319,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.40%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,695

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
  • $1,372

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2004$1,450
$1,450
RENT COMPS ANALYSIS
  • 7161 W Noble Prairie Way Florence, AZ 1
    • 2 beds 2 baths ∙ 1,620 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,620 Sqft ∙ Built 2015
    • 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
    •  
  • 3916 N Hawthorn Drive Florence, AZ 4
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2017
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Carla J Henderson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209973
Last Updated: 03/20/2021
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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