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

1706 W Ainsworth Drive Phoenix, AZ 85086

3 Beds 3 Baths 2,546 sqft Built 2004

$530,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $208.17
  • 2 Days on Market
  • MLS # : 6204603
  • Updated Date : 03/13/2021 at 18:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Open House Sunday 12:00-4:00. Enjoy living Anthem's Country Club life in this guard gated community! Corner lot backing wash w/ Mtn Views! Featuring a privacy courtyard w/ fire-pit, great for socializing! Open and Bright Floor Plan w/ soaring ceilings. Upgraded Kitchen w/ SS appliances, convection oven, and gas cooktop. Large Island overlooking the family room and patio. Attractive white cabinets with black granite tops and glass back-splash. 2 living areas, formal dining, breakfast nook and stools. Primary bedroom has a full bath with dual sinks, separate tub and shower, spacious walk-in closet. Enjoy backyard entertainment with outdoor built in gas BBQ and Fire Pit. Easy to maintain landscaping. With all the benefits of living in a gated, golf course community - club houses, restaurants

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k484k

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

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342521

* 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
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,841
Property Tax -$413
Property Insurance -$77
HOA -$135
Property Management Fees -$99
CASH FLOW
-$384

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.

$530,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,202

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1803$2,2504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1706 W Ainsworth Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.86
    •  
  • 2023 W Shackleton Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 39524 N Belfair Way Anthem, AZ 3
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 2862 W Haley Drive Anthem, AZ 4
    • 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
  • 1613 W Ainsworth Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Greg A Jones
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204603
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