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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $191.54
- 3 Days on Market
- MLS # : 6165278
- Updated Date : 11/27/2020 at 13:11
CONSTRUCTION
- Beds : 2
- Floor Size : 1,253 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
BEAUTIFUL! MUST SEE HOME!!! An Oasis for outdoor living. Features a courtyard and gorgeous backyard with a pergola that covers the length of the house. This house is in a sought after subdivision with many family and active adult amenities. Two bedroom, two bath plus a den. It has a custom paint palette and sun screens.
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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 | $1,040 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$204 | |
| Property Insurance | -$52 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$245
|
||
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.
$240,000
PROJECTED PRICE
$1,040
PROJECTED RENT
0.43%
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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
1.17
YEARS SAVED
$1,365
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,040
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,061
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
8085 W Sonoma Way Florence, AZ 1
- 2 beds 2 baths ∙ 1,253 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,253 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,040
- $0.83
-
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 09/01/19- Rent
- Rent Per SQFT
- $1,450
- $0.90
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165278
Last Updated: 11/27/2020
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.
