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

1647 W Owens Way Anthem, AZ 85086

3 Beds 2 Baths 1,454 sqft Built 2005

$379,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $260.66
  • 3 Days on Market
  • MLS # : 6204380
  • Updated Date : 03/13/2021 at 19:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Daisy Dream Homes Real Estate, Llc

Listing Agent's Description

A private haven with sun filled rooms that's perfect in every way. Recently upgraded backyard with extensive pavers, above ground spa, sauna and TV on the patio that conveys. Custom backyard lighting. Updated kitchen with newer backsplash, gas stove & oven, refrigerator, washer & dryer conveys. A/C & furnace replaced 1 1/2 years ago. Master shower remodeled. Newer taller toilets. Extensive new wood like tile. Pride of ownership through out. Come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

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

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452521

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,316
Property Tax -$354
Property Insurance -$56
HOA -$135
Property Management Fees -$99
CASH FLOW
-$69

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.

$379,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$13,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,7255$1,890
$1,890
RENT COMPS ANALYSIS
  • 1647 W Owens Way Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.30
    •  
  • 40012 N River Bend Road Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 1776 W Owens Way Anthem, AZ 2
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 1948 W Kuralt Drive Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 39533 N Bent Creek Court Anthem, AZ 4
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2004
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.05
    •  
PROPERTY LISTING DETAILS
Doreen Drew
Daisy Dream Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204380
Last Updated: 03/13/2021
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.

BESbswy