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PROPERTY INFO
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!!
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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 | $1,280 |
| 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
| 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
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,372
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/09/20- Rent
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- $1,200
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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
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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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209973
Last Updated: 03/20/2021
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.
