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3331 W Hemingway Lane Anthem, AZ 85086

4 Beds 4 Baths 3,366 sqft Built 2000

$539,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $160.13
  • 38 Days on Market
  • MLS # : 6162754
  • Updated Date : 12/23/2020 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,366 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Highly Upgraded move in ready, Anthem Parkside home is just waiting for you. Pride of ownership can be seen in every aspect of this amazing home. Large living & formal dining room, downstairs master bedroom with beautifully upgraded master bath, soft earth tone color palettes, cozy fireplace and tons of natural light throughout. Upgrades include a sparkling pool (new pump), flagstone, and light and bright kitchen, engineered wood & tile floors, new carpet in upstairs bedrooms and stairs. Spacious kitchen with granite countertops, and farmers sink provide tons of counter work space. Private backyard great for entertaining, covered patio for shade, and a second secluded oasis on the side. Did I mention the Anderson Renewal Windows and doors, new A/C Units and much more!

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
Anthem School Primary Regular 771 44 8
Anthem School Middle Regular 771 44 8
Boulder Creek High School High Regular 2,639 105 6

Anthem School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Anthem School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Boulder Creek High School

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

$485,100$592,900$539,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,989
Property Tax -$473
Property Insurance -$93
HOA -$28
Property Management Fees -$99
CASH FLOW
-$362

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.

$539,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.43%

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$15k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,558

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3203$2,5004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 3331 W Hemingway Lane Anthem, AZ 2
    • 4 beds 4 baths ∙ 3,366 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,366 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.69
    •  
  • 3043 W Walden Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.68
    •  
  • 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
    •  
  • 39925 N Justice Way Anthem, AZ 4
    • 4 beds 4 baths ∙ 3,366 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,366 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
  • 40027 N Pride Drive Anthem, AZ 5
    • 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
PROPERTY LISTING DETAILS
Shirley Giles
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162754
Last Updated: 12/23/2020
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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