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1908 W Turtle Hill Court Anthem, AZ 85086

4 Beds 4 Baths 2,981 sqft Built 2003

$725,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $243.21
  • 4 Days on Market
  • MLS # : 6201566
  • Updated Date : 03/05/2021 at 01:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,981 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Situated on a cul-de-sac lot backing to natural desert space, this special single level home is beautifully appointed, offering a soft neutral palette with tile & plantation shutters throughout. Spacious kitchen with stainless, abundant storage & granite island opens to family room with built-ins & fireplace. Lovely master retreat with luxurious bath, 2 BR with shared bath, plus 3rd full BR suite & powder room round out this easy livable floor plan. Enjoy Arizona living outdoors with refreshing pool & spa, backing to natural space. Lovely master retreat with luxurious bath, 2 BR with shared bath, plus 3rd full BR suite & powder room round out this easy livable floor plan. Enjoy Arizona living outdoors with refreshing pool & spa, backing to natural space. Tesla solar lease makes this home

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,518
Property Tax -$677
Property Insurance -$85
HOA -$100
Property Management Fees -$99
CASH FLOW
-$749

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.

$725,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.38%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,735

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,7304$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 1908 W Turtle Hill Court Anthem, AZ 3
    • 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.92
    •  
  • 1814 W Wayne Lane Anthem, AZ 1
    • 5 beds 4 baths ∙ 2,983 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,983 Sqft ∙ Built 2005
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 40721 N Long Landing Court Anthem, AZ 2
    • 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 40902 N Congressional Drive Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 41509 N Laurel Valley Way Anthem, AZ 5
    • 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 2002
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sabina Smailbegovic
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201566
Last Updated: 03/05/2021
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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