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1809 W Morse Drive Anthem, AZ 85086

3 Beds 2 Baths 1,264 sqft Built 2004

$285,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $225.47
  • 6 Days on Market
  • MLS # : 6153573
  • Updated Date : 10/30/2020 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,264 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Natural light fills this ready to be moved in charming 3 bedroom, 2 bath home in Anthem's award winning gated community country club. Large kitchen with generous cabinet space, updated appliances and a separate eating area. Open floorplan with spacious living area is the perfect gathering spot. The all single level, split floorplan ensures privacy for all. The two car garage provides ample built-in storage. Low-maintenance landscaping in both the front and back yards. All of this plus new carpet and all of the amenities the Anthem Country Club and Parkside offer including private restaurants, private workout facilities, private clubhouses, heated pools and spas, tennis courts, walking paths and guarded entry.

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
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,052
Property Tax -$266
Property Insurance -$52
HOA -$127
Property Management Fees -$99
CASH FLOW
-$155

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.

$285,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.51%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,327

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,4403$1,5004$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1809 W Morse Drive Anthem, AZ 2
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.14
    •  
  • 1813 W Owens Way Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2004
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.01
    •  
  • 1776 W Owens Way Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 40937 N Citrus Canyon Trail Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 1948 W Kuralt Drive Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
PROPERTY LISTING DETAILS
Cassity Trexler
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153573
Last Updated: 10/30/2020
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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