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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $219.39
- 2 Days on Market
- MLS # : 6165639
- Updated Date : 11/28/2020 at 14:55
CONSTRUCTION
- Beds : 2
- Floor Size : 1,454 sqft
- Baths : 2 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Welcome home! This beautiful home is open, bright and light and backs to lush wash for complete peace and privacy! This home has been updated with brand new flooring and paint in fresh modern colors. Terrific floor plan with kitchen open to dining/family room and split third guest bedroom. Kitchen with breakfast bar, Corian countertops and white appliances. Master with dual closets and dual sink vanity and niche. Family room exits to covered patio overlooking well manicured yard with stone fountain. Epoxy flooring in garage, sink in laundry room. Refrigerator/washer/dryer/soft water system and 2 TV's/brackets in living room and master bedroom convey with home.
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PRICE & RENT TRENDS
Neighborhood: Anthem Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$298 | |
| Property Insurance | -$56 | |
| HOA | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$164
|
||
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.
$319,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
2.42
YEARS SAVED
$6,767
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
-
$1,585
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
1663 W Morse Drive Anthem, AZ 1
- 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
40291 N La Cantera Drive Anthem, AZ 2
- 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
-
41333 N Belfair Way Anthem, AZ 3
- 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165639
Last Updated: 11/28/2020
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.
