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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $145.75
- 2 Days on Market
- MLS # : 6168225
- Updated Date : 12/05/2020 at 14:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 full
Listing Agent
Elite Real Estate Pros
Listing Agent's Description
IMMACULATE! This fantastic 3 bed, 2 bath property located in Florence's Anthem Parkside is now on the market! With easy access to the community's refreshing pool, tennis court, golf course, and fitness center, this one is truly a dream come true! The meticulously maintained home boasts desert landscaping with a 2 car garage. Inside you will find a large dining and living area with designer paint throughout and a charming kitchen comprised of ample cabinetry with crown molding. The master bedroom is ideal, with its spacious walk-in closet and full bath with separate tub and shower. Finally, the cozy backyard incudes a covered patio where you can spend a relaxing evening. New HVAC, new dishwasher, new washing machine and the $3000 Community Facilities District fee has been pre-paid.
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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 | $1,270 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$235 | |
| Property Insurance | -$59 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$51
|
||
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.
$239,900
PROJECTED PRICE
$1,270
PROJECTED RENT
0.53%
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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
4.33
YEARS SAVED
$11,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,346
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
7398 W Sonoma Way Florence, AZ 2
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,270
- $0.77
-
7347 W Millerton Way Florence, AZ 1
- 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,195
- $0.82
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7576 W Millerton Way Florence, AZ 3
- 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 2008
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.76
-
2374 N Petersburg Drive Florence, AZ 4
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2016
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,400
- $0.79
-
2313 N Pecos Drive Florence, AZ 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,450
- $0.90
PROPERTY LISTING DETAILS
Elite Real Estate Pros
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168225
Last Updated: 12/05/2020
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.
