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3414 W Morse Drive Anthem, AZ 85086

3 Beds 2 Baths 2,490 sqft Built 2001

$424,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $170.64
  • 3 Days on Market
  • MLS # : 6157604
  • Updated Date : 11/13/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,490 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

U-P-G-R-A-D-E-S galore in this beautiful Anthem home! Resort-style living, both inside & out. The kitchen boasts designer quartz countertops, upgraded cherry cabinets complete with decorative door hardware. The oversized island makes for easy entertaining. The master bathroom is a true retreat with dual sinks & plenty of storage in the added cherry cabinets. Soothe away your stress in the step-in jetted therapy tub. The frameless glass door of the master shower shows off the gorgeous tile work. Shutters on all the right windows & energy efficient honeycomb shades on the others. The bonus room gives lots of options - game room, fitness space, playroom, or home office. Outside, the ultra-private backyard features an extended patio. The TidalFit swim spa turns your backyard into your own pr

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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,568
Property Tax -$378
Property Insurance -$76
HOA -$28
Property Management Fees -$99
CASH FLOW
-$118

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.

$424,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0304$2,0955$2,350
$2,350
RENT COMPS ANALYSIS
  • 3414 W Morse Drive Anthem, AZ 3
    • 3 beds 2 baths ∙ 2,490 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,490 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.82
    •  
  • 40932 N Barnum Way Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 40821 N Capra Way Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 2843 W Webster Court Anthem, AZ 4
    • 4 beds 2 baths ∙ 2,347 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,347 Sqft ∙ Built 2002
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 3447 W King Drive Anthem, AZ 5
    • 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jentri Young
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157604
Last Updated: 11/13/2020
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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