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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $198.17
- 2 Days on Market
- MLS # : 6190746
- Updated Date : 02/06/2021 at 01:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,317 sqft
- Baths : 2 full
Listing Agent
Drh Properties Inc
Listing Agent's Description
This gorgeous brand new home - Gull floor plan - is a single level and has 3 bedrooms, 2 bathrooms and a 2 car garage! The Foyer leads to the kitchen which overlooks the great room and onto the back patio for indoor/outdoor entertaining! This lovely home also features a kitchen island, granite countertops, post-tension slab, executive height vanities, Smart Home System, two-toned paint, front yard landscaping, ceramic tile in all common areas, hardwood cabinets, energy star and more! Community is adorable and has only single levels-No 2 story to the side or overlooking your backyard to worry about!
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PRICE & RENT TRENDS
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$907 |
| Property Tax | -$138 | |
| Property Insurance | -$53 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$71
|
||
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.
$260,990
PROJECTED PRICE
$1,190
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,162
LOAN DETAILS
$907
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,248 |
| Loan Amount | $195,743 |
4
YEARS SAVED
$9,628
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,222
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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9688 E Hay Loft Drive Florence, AZ 1
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- Rent
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- $1,190
- $0.90
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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
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- $1,195
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6703 E San Tan Way Florence, AZ 3
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LEASED 09/28/20- Rent
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- $1,195
- $0.98
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24041 N Nectar Avenue Florence, AZ 4
- 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2007
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,250
- $0.82
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24442 N Shelton Way Florence, AZ 5
- 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
PROPERTY LISTING DETAILS
Drh Properties Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190746
Last Updated: 02/06/2021
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.
