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9411 E Grapefruit Drive Florence, AZ 85132

4 Beds 2 Baths 2,122 sqft Built 2020

$335,345

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $158.03
  • 2 Days on Market
  • MLS # : 6181995
  • Updated Date : 01/16/2021 at 19:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 2 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

New 2020 quick move in at this new community!!The Sanctuary is a stunning single level home with 2,122 square feet and 4 spacious bedrooms. HUGE open great room! Kitchen has an island, granite countertops and plenty of counterspace! More amazing features of this home include smart home technology, desert front and backyard landscaping, blinds, 9' flat ceilings and more! This community is a hidden gem with private park areas and all single levels!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85132

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85132

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Anthem K-8 School Primary Regular 826 37 4
Anthem K-8 School Middle Regular 826 37 4
Anthem K-8 School High Regular 826 37 4

Anthem K-8 School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: Middle
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: High
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating
 

$301,811$368,880$335,345

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$1,165
Property Tax -$177
Property Insurance -$69
HOA -$65
Property Management Fees -$99
CASH FLOW
-$484

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$335,345

PROJECTED PRICE

$1,090

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
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

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$90,866

INVESTMENT

$90,866

Down Payment
$83,836
Rehab Estimate
$2,000
Closing Costs
$5,030

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,836
Loan Amount $251,509
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$39

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,103

    COMP ESTIMATED VALUE
  • $0.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,195
$1,195
RENT COMPS ANALYSIS
  • 9411 E Grapefruit Drive Florence, AZ 1
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6718 E Stacy Street Florence, AZ 2
    • 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.50
    •  
  • 6698 E Summerset Road Florence, AZ 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.54
    •  
PROPERTY LISTING DETAILS
Joseph Paul Ayers
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181995
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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