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1919 W Eastman Court Anthem, AZ 85086

3 Beds 4 Baths 2,981 sqft Built 2003

$659,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $221.37
  • 10 Days on Market
  • MLS # : 6181351
  • Updated Date : 01/24/2021 at 02:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,981 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Anthem Country Club~3 bedroom, den, 3.5 bath home on a cul-de-sac lot with desert behind. At 2,981 sq ft, this exceptional home features custom, built-in shelves with stained glass for bar setup and media around the gas fireplace in the family room. Chef's kitchen includes new electric cooktop, raised panel cherry cabinets, granite counters, kitchen island with breakfast bar. Refrigerator, washer & dryer included. Laundry room has sink and cabinets. Master bath includes separate glass block walk-in shower, soaking tub, dual vanities and spacious walk-in closet. Distant mountain views from this grassy backyard with extensive paver sitting areas, covered patio and built-in BBQ island. 3 car garage with upgraded garage door, epoxy garage floor and storage cabinets and

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
 

$593,910$725,890$659,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,292
Property Tax -$646
Property Insurance -$85
HOA -$135
Property Management Fees -$99
CASH FLOW
-$777

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.

$659,900

PROJECTED PRICE

$2,480

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,4803$2,5004$2,7005$2,950
$2,950
RENT COMPS ANALYSIS
  • 1919 W Eastman Court Anthem, AZ 2
    • 3 beds 4 baths ∙ 2,981 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,981 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.83
    •  
  • 40818 N Lytham Court Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 40721 N Long Landing Court Anthem, AZ 3
    • 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
    •  
  • 2415 W Kit Carson Court Anthem, AZ 4
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 40924 N Lambert Trail Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lisa K Jones
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181351
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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