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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $176.87
- 5 Days on Market
- MLS # : 6169178
- Updated Date : 12/08/2020 at 20:11
CONSTRUCTION
- Beds : 2
- Floor Size : 1,634 sqft
- Baths : 2 full
Listing Agent
Merrill Ranch Realty, Llc
Listing Agent's Description
Sun City resort style living with this immaculate ''Providence'' model. Your new beautiful home has all the right touches for your consideration starting with a N/S facing premium lot with a privacy wall between you and your neighbors to the south, extended Autumn Leaves travertine paver patio, pergola and mature desert landscape. Enjoy the numerous upgrades and details that include Espresso cabinetry w/crown molding, roll-out trays, granite counter tops, Whirlpool stainless steel appliances, water softener, R/O system, ceiling fans, gorgeous upgraded tile in the main living areas, neutral color palette, golf cart garage, tankless hot water, garage/laundry cabinets, cathedral insulation and utility sink. The benefits continue with an owned solar system for a tremendous power savings.
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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 | -$1,066 |
| Property Tax | -$265 | |
| Property Insurance | -$59 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$261
|
||
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.
$289,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.44%
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
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
1.42
YEARS SAVED
$2,423
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
-
$1,383
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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7955 W Discovery Way Florence, AZ 1
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LEASED 03/09/20- Rent
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- $1,200
- $0.83
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- 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
Merrill Ranch Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169178
Last Updated: 12/08/2020
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.
