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3054 W Morse Court Anthem, AZ 85086

5 Beds 4 Baths 4,705 sqft Built 2000

$790,000

List Price

$3,890

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $167.91
  • 3 Days on Market
  • MLS # : 6179534
  • Updated Date : 01/15/2021 at 17:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,705 sqft
  • Baths : 4 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Rarely Available! Extremely Desirable Enchantment Neighborhood. Charming Jasmine Covered Entry to Serene Courtyard. Island Kitchen, Wolf Appliances, Butler Pantry, Exquisite Wine Room, Master Suite w/ Spacious Sitting Area +Dual Fireplace; Garden tub + Walk In Shower w/ Heat Lamp; Private Exit to Parklike Backyard; BBQ Island; Cozy Fireplace w/ Hearth Seating; Heated Pool; Elevated Spa; Owned Tesla Solar System-App controlled; Electric Car Outlet in Garage; ALL New HVAC's; Whole House Water Filtration; Short walk to Schools. Amazing Amenities - Lap Pool, Waterpark, Full Gym, Rock Climbing wall, 63-acre Park, Lakes, Trails/Paths, Lighted Sports Fields, Adventure Playground, kid-sized Railroad, Concerts & Events with a Small Town Feel! Live Anthem Lifestyle in Luxury! Click More for Details!

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
 

$711,000$869,000$790,000

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$2,744
Property Tax -$694
Property Insurance -$119
HOA -$28
Property Management Fees -$99
CASH FLOW
$206

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.

$790,000

PROJECTED PRICE

$3,890

PROJECTED RENT

0.49%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$215,100

INVESTMENT

$215,100

Down Payment
$197,500
Rehab Estimate
$5,750
Closing Costs
$11,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,744

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,500
Loan Amount $592,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$60,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,890

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,952

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,890
1$3,8902$4,125
$4,125
RENT COMPS ANALYSIS
  • 3054 W Morse Court Anthem, AZ 1
    • 5 beds 4 baths ∙ 4,705 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,705 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,890
    • $0.83
    •  
  • 38521 N Donovan Court Anthem, AZ 2
    • 5 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,125
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mary Meyer
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179534
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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