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1844 W Morse Drive Anthem, AZ 85086

3 Beds 2 Baths 1,454 sqft Built 2004

$410,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $281.98
  • 4 Days on Market
  • MLS # : 6182923
  • Updated Date : 01/24/2021 at 01:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This home has it all! Marvel at these MILLION DOLLAR VIEWS every day next to your PRIVATE HEATED POOL on your own little slice of Paradise!! One of the best views in Anthem Country Club on an elevated GOLF COURSE LOT. This beautifully landscaped well cared for home includes updated A/C, irrigation system, appliances, pool light, pool decking, R/O, water softener, heater, and so much more. Entertaining is a breeze with the open kitchen to family room layout that provides STUNNING MOUNTAIN VIEWS. 3 bedrooms all have closets. Enjoy the Country Club lifestyle with all that Anthem has to offer. Two 18-hole golf courses, club houses, gyms, pools, restaurants, tennis courts & more!

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,424
Property Tax -$383
Property Insurance -$56
HOA -$135
Property Management Fees -$99
CASH FLOW
-$176

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.

$410,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.47%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $1,541

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,7505$1,920
$1,920
RENT COMPS ANALYSIS
  • 1844 W Morse Drive Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.32
    •  
  • 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
    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
    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
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 1909 W Spirit Court Anthem, AZ 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Lisa M Halman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182923
Last Updated: 01/24/2021
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.

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