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3425 W Walden Way Anthem, AZ 85086

4 Beds 3 Baths 2,140 sqft Built 2000

INVESTimate

$359,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$376,735  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $167.76
  • 7 Days on Market
  • MLS # : 6119852
  • Updated Date : 08/20/2020 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,140 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Desert Estates

Listing Agent's Description

Look no further! - This model is extremely sought after, highly upgraded and unlike no other! Truly everything you would need for your entertainment needs!- Boasting new paint, carpet and flooring in the bedrooms and bathrooms, upgraded bath vanity/sinks, master shower with glass door, crown molding, hardwood staircase, fixtures, designer backsplashes and tile work.- Kitchen offers plenty of cabinet space, beautiful granite countertops, large pantry, custom back splash and fantastic appliances.- Expansive formal and living areas trimmed with custom flooring, new paint and crown molding. Large built-in 125 gallon Salt Water fish tank is low maintenance and truly stunning!- Bonus game room, with large walkout balcony (new railing installed) has been added offering 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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,325
Property Tax -$315
Property Insurance -$69
HOA -$84
Property Management Fees -$99
CASH FLOW
-$192

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.

$359,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3425 W Walden Way Anthem, 4
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 40725 N Apollo Way Anthem, 1
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 3512 W Spirit Lane Anthem, 2
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2000
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 40435 N Acadia Court Anthem, 3
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 40802 N Columbia Trail Anthem, 5
    • 5 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,140 Sqft ∙ Built 1999
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
Anthony Lowry
Century 21 Desert Estates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119852
Last Updated: 08/20/2020
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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