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2323 W River Rock Court Phoenix, AZ 85086

5 Beds 3 Baths 3,734 sqft Built 2002

$719,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $192.55
  • 10 Days on Market
  • MLS # : 6153909
  • Updated Date : 11/05/2020 at 09:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,734 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ironwood Fine Properties

Listing Agent's Description

Resort style living in desirable Anthem Parkside. Family backyard oasis! Pergola with built in BBQ, pool with water feature, fireplace, and expansive synthetic grass area. You name it this yard has it. This is truly a special view homesite in Anthem. 5 bedroom, 2.5 bathroom. Owners suite with hardwood floors, separate shower, soaking tub and large walk in closet. Open flow-through kitchen and cafe overlooking the gather room - ideal space for entertaining or everyday living. Crown molding and plantation shutters in all the right places.3 car epoxy garage with built in cabinets as well as AC compatible for the car enthusiast. All that and the award winning community of Anthem. Anthem amenities include 43,000 sq ft community center, lap pools, state of the art 63 acre community park and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10242203

* 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
Gavilan Peak School Primary Regular 779 47 9
Gavilan Peak School Middle Regular 779 47 9
Boulder Creek High School High Regular 2,639 105 6

Gavilan Peak School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Gavilan Peak School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$647,100$790,900$719,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,653
Property Tax -$642
Property Insurance -$100
HOA -$28
Property Management Fees -$99
CASH FLOW
-$902

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.

$719,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,791

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5004$2,9505$2,990
$2,990
RENT COMPS ANALYSIS
  • 2323 W River Rock Court Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,734 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,734 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3659 W Wayne Lane Anthem, AZ 2
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 40203 N Oakhurst Court Anthem, AZ 3
    • 4 beds 4 baths ∙ 3,444 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,444 Sqft ∙ Built 2000
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 42318 N Harbour Town Court Anthem, AZ 4
    • 4 beds 4 baths ∙ 3,700 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,700 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
  • 2039 W Hidden Treasure Way Phoenix, AZ 5
    • 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.75
    •  
PROPERTY LISTING DETAILS
Jeffrey A Seman
Ironwood Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153909
Last Updated: 11/05/2020
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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