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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $158.05
- 6 Days on Market
- MLS # : 6177192
- Updated Date : 01/06/2021 at 20:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,689 sqft
- Baths : 2 full , 1 half
Listing Agent
Platinum Realty Group
Listing Agent's Description
Calm & clean home on a quiet key lane in Anthem, AZ. Fresh paint inside and out with beautiful, mature landscaping and extensive pavers. Coveted North/South exposure with home backing to a wash. Light and bright kitchen with white cabinetry & granite counters. Plantation shutters, built-in entertainment center, crown molding, 10 inch baseboards, & walk in pantry. 4 bedrooms & 2.5 bathrooms in this functional 2 story model. Bedrooms, laundry room and spacious loft are all on 2nd floor. Great storage throughout including hall cabinetry, linen cupboard and a wrap around closet under the stairs. Surround sound in loft and throughout the house. New stainless steel appliances...refrigerator conveys. Washer and dryer (2018) convey. This home is move-in ready. Come see!
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PRICE & RENT TRENDS
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$373 | |
| Property Insurance | -$80 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$354
|
||
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.
$425,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
9.5
YEARS SAVED
$56,997
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,205
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
3338 W Hemingway Lane Anthem, AZ 4
- 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,410
- $0.90
-
40020 N Integrity Trail Anthem, AZ 1
- 4 beds 2 baths ∙ 2,575 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,575 Sqft ∙ Built 2000
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,950
- $0.76
-
41008 N Republic Way Anthem, AZ 2
- 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1999
LEASED 12/14/20- Rent
- Rent Per SQFT
- $2,025
- $0.79
-
3368 W Hemingway Lane Anthem, AZ 3
- 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
-
2862 W Haley Drive Anthem, AZ 5
- 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,450
- $0.87
PROPERTY LISTING DETAILS
Platinum Realty Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177192
Last Updated: 01/06/2021
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.
