Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1634 W Hemingway Lane Anthem, AZ 85086

4 Beds 2 Baths 1,827 sqft Built 2004

$335,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $183.36
  • 3 Days on Market
  • MLS # : 6147719
  • Updated Date : 11/02/2020 at 22:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This popular Holiday model with pool and hot tub is ready for you. Put your personal taste in to this great 4 bedroom home to make it original. Granite in spacious kitchen overlooking family room to your private backyard with fire pit!Across the street from one of Anthems beautiful pocket parks!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10242203

* 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
Diamond Canyon School Primary Regular 1,035 51 10
Diamond Canyon School Middle Regular 1,035 51 10
Boulder Creek High School High Regular 2,639 105 6

Diamond Canyon School

  • Education Level: Primary
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Diamond Canyon School

  • Education Level: Middle
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,236
Property Tax -$294
Property Insurance -$63
HOA -$9
Property Management Fees -$99
CASH FLOW
-$51

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.

$335,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,6754$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1634 W Hemingway Lane Anthem, AZ 1
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 39911 N Messner Way Anthem, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 1742 W Hemingway Lane Anthem, AZ 3
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 39922 N Bell Meadow Trail Anthem, AZ 4
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 1625 W Kuralt Drive Anthem, AZ 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Carrie Maxwell-ellison
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147719
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.

BESbswy