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2420 W Kit Carson Court Phoenix, AZ 85086

3 Beds 2 Baths 2,128 sqft Built 2003

$525,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $246.71
  • 4 Days on Market
  • MLS # : 6205728
  • Updated Date : 03/13/2021 at 22:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,128 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

Bright and spacious, 3 bedroom, 2 bath home located on a corner cul-de-sac. For sale with seller lease-back option for up to 18 months, negotiable. One of the largest lots in Anthem- Parkside, Lot is 1/3 acre. Completely private grassy backyard, professionally landscaped with RV gate, storage shed and riding lawn mower. Covered patio spanning the whole back of the house with retractable sunscreens. The split floor plan is perfect for entertaining, with great room, 10-foot ceilings, open kitchen with granite countertops and new appliances. The master bedroom features a shower and separate jetted tub, double sinks, walk-in closet and sliding glass door to the backyard. Features include a 3 car garage with cabinets, oversized laundry room, and Speakers through out the house and Patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342155

* 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,824
Property Tax -$469
Property Insurance -$69
HOA -$28
Property Management Fees -$99
CASH FLOW
-$438

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.

$525,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9954$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 2420 W Kit Carson Court Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 2609 W Medinah Way Anthem, AZ 1
    • 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 1879 W Dion Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2004
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 2945 W Haley Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2002
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 41363 N Yorktown Trail Anthem, AZ 4
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Paul-anthony Reyes
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205728
Last Updated: 03/13/2021
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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