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9658 E Hay Loft Drive Florence, AZ 85132

3 Beds 2 Baths 1,368 sqft Built 2020

$269,990

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $197.36
  • 2 Days on Market
  • MLS # : 6190750
  • Updated Date : 02/06/2021 at 01:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

New build already at frame stage! The Aster floor plan is a quaint floor plan with 1,368 square feet, 3 bedrooms, 2 bathrooms and a 2-car garage. The beautiful dining room and great room lead to the covered patio for indoor/outdoor entertainment. This lovely home sits on a corner lot and features post-tension slab, executive height vanities, Smart Home System, two-toned paint, front yard landscaping, ceramic tile, hardwood cabinets, energy star and more!! This community is a hidden gem with private parks and walking paths! Single level home surrounded by 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
Florence High School High Regular 778 41 4

Florence High School

  • Education Level: High
  • # of students: 778
  • # of teachers: 41
4
GreatSchools Rating
 

$242,991$296,989$269,990

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$938
Property Tax -$143
Property Insurance -$54
HOA -$65
Property Management Fees -$99
CASH FLOW
-$108

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.

$269,990

PROJECTED PRICE

$1,190

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,547

INVESTMENT

$73,547

Down Payment
$67,498
Rehab Estimate
$2,000
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,498
Loan Amount $202,493
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,764

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
  • $1,283

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,1954$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 9658 E Hay Loft Drive Florence, AZ 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6775 E Shamrock Street Florence, AZ 2
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.92
    •  
  • 6703 E San Tan Way Florence, AZ 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
  • 24442 N Shelton Way Florence, AZ 4
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 6790 E Shamrock Street Florence, AZ 5
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2006
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
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 #: 6190750
Last Updated: 02/06/2021
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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