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9721 E Barley Road Florence, AZ 85132

3 Beds 2 Baths 2,349 sqft Built 2006

$299,500

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $127.50
  • 3 Days on Market
  • MLS # : 6154848
  • Updated Date : 11/02/2020 at 13:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,349 sqft
  • Baths : 2 full
Listing Agent

Briggs Realty Llc

Listing Agent's Description

Welcome Home! Looking for a large/spacious single level home on a corner lot w/2 car garage, all desert landscaping front and back by design for easy care and no neighbors behind you? You have found it! This homes has a great floor plan offering 3 bedrooms, 2 bathrooms, along with a good size den/office with double doors located near the front entry area of the home, which is perfect for working from home! Large kitchen island that opens into a spacious great room, nice floor plan for large familys and/or entertaining friends and family. Inside laudry with full size washer and dryer that stay and convey to buyer at COE. Backyard is good size with a large covered patio area with brick pavers and pergola. Plenty of back yard space for children and/or pets to play! Show and Sell!

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
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,105
Property Tax -$166
Property Insurance -$73
HOA -$60
Property Management Fees -$99
CASH FLOW
-$273

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$299,500

PROJECTED PRICE

$1,230

PROJECTED RENT

0.41%

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) 8.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,647

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
  • $1,331

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,2954$1,415
$1,415
RENT COMPS ANALYSIS
  • 9721 E Barley Road Florence, AZ 1
    • 3 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6698 E Summerset Road Florence, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.54
    •  
  • 6751 E Haven Avenue Florence, AZ 3
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2004
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.58
    •  
  • 6908 E Lush Vista View Florence, AZ 4
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2003
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,415
    • $0.58
    •  
PROPERTY LISTING DETAILS
Allen Briggs
Briggs Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154848
Last Updated: 11/02/2020
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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