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7244 W Autumn Vista Way Florence, AZ 85132

3 Beds 2 Baths 2,013 sqft Built 2013

$387,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $192.50
  • 4 Days on Market
  • MLS # : 6186651
  • Updated Date : 01/28/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,013 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is it! Gorgeous Hard To Find 3BR Tuscan Preserve! North/South Exposure! Kitchen boasts Granite Counters, Tile Backsplash, Stainless Appliance Package! Refrigerator & Washer/Dryer included! Move in Ready! Gas Range, Pendant Lights over Island! Extended Patio! Misting System just installed. Built in Outdoor Fireplace and Grill! Professionally Landscaped w/ Auto Timers. Master has Bay Window & Door Leading to Patio! Master Bath has Tub & Shower, Double Sinks & Large Master Closet w/ Built in Drawers! Tankless Water Heater, Softener, Drink Water Filtration! 2 Guest Rooms, Updated w/ Gutters, Surround Sound, Golf Cart Garage PLUS 2 Car Garage w/ Workbench Cabinets & Utility Sink. This one will go fast! Go see it today! Very Well taken Care of. Florence Tax Bond is Paid in Full Already

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
 

$348,750$426,250$387,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,346
Property Tax -$308
Property Insurance -$66
HOA -$52
Property Management Fees -$99
CASH FLOW
-$462

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.

$387,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.36%

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-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,438

INVESTMENT

$108,438

Down Payment
$96,875
Rehab Estimate
$5,750
Closing Costs
$5,813

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,875
Loan Amount $290,625
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$337

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,410

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,298
1$1,2982$1,3503$1,4104$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 7244 W Autumn Vista Way Florence, AZ 3
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.70
    •  
  • 8047 W Georgetown Way Florence, AZ 1
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,298
    • $0.70
    •  
  • 7628 W Georgetown Way Florence, AZ 2
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2010
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 2975 N Hawthorn Drive Florence, AZ 4
    • 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
    •  
  • 2993 N Princeton Drive Florence, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Charles R. Hoffman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186651
Last Updated: 01/28/2021
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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