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2929 W Adventure Drive Anthem, AZ 85086

5 Beds 3 Baths 4,167 sqft Built 2001

$529,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $126.95
  • 4 Days on Market
  • MLS # : 6154714
  • Updated Date : 11/01/2020 at 18:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,167 sqft
  • Baths : 3 full
Listing Agent

Ironwood Fine Properties

Listing Agent's Description

Perfect curb appeal for this beautiful 5 bed, 3 bath two-story. Double door entry to soaring ceilings. Formal living & dining with plush carpeting. Spacious open floor plan is a perfect entertaining space! The family room has gorgeous floor to ceiling built-in cabinetry and a cozy fireplace. The eat-in kitchen has an plethora of cabinets, gorgeous granite counters, electric cooktop, microwave, wall mount double ovens and a pantry. Large home office. Master is downstairs and has a private entrance, full bath, walk-in closet. Large loft area. Generous sized bedrooms. Entertaining backyard has a covered patio, built-in BBQ, pebble tec pool & spa and nice lawn area. Easy access to schools, shopping, community amenities and the I-17. Make this your new home today!

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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$1,952
Property Tax -$465
Property Insurance -$108
HOA -$28
Property Management Fees -$99
CASH FLOW
$398

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.

$529,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.58%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$78,179

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
  • $3,688

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9903$4,400
$4,400
RENT COMPS ANALYSIS
  • 2929 W Adventure Drive Anthem, AZ 1
    • 5 beds 3 baths ∙ 4,167 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,167 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2039 W Hidden Treasure Way Phoenix, AZ 2
    • 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
    •  
  • 2623 W Pumpkin Ridge Drive Anthem, AZ 3
    • 5 beds 5 baths ∙ 4,319 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,319 Sqft ∙ Built 2006
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kellie C. Eisenberg
Ironwood Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154714
Last Updated: 11/01/2020
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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