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3338 W Hemingway Lane Anthem, AZ 85086

4 Beds 3 Baths 2,689 sqft Built 2000

$425,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
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!

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

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
$1,950
1$1,9502$2,0253$2,3004$2,4105$2,450
$2,450
RENT COMPS ANALYSIS
  • 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
Sarah S Lees
Platinum Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177192
Last Updated: 01/06/2021
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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