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3718 W Lapenna Drive New River, AZ 85087

4 Beds 3 Baths 2,411 sqft Built 2013

$499,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $207.34
  • 3 Days on Market
  • MLS # : 6179416
  • Updated Date : 01/17/2021 at 03:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,411 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Arroyo Norte stunner with owned solar! Daisy Mountain views on private N/S lot, an outdoor oasis featuring 14' swim spa, putting green, expansive covered patio, stamped concrete, chefs kitchen and open entertainment area! Spacious split bedrooms and baths + den/game room could be utilized as home office. Custom arcadia doors and wood accent wall. Spacious laundry room, ceiling fans, garage cabinets, R/O, water softener, steps from the preserve! Stamped concrete patios (2015), Trane HVAC system (2016), arcadia doors (2017), updated tile (2017), wood accent wall (2017),new interior paint (2018), updated carpet (2018), putting green (2018) and swim spa (2018). Arroyo Norte is a quaint community adjacent to Anthem with easy access to Daisy Mountain, Gavilan Peak with affordable HOA's.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k381k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10452423

* 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
New River Elementary School Primary Regular 275 21 6
New River Elementary School Middle Regular 275 21 6
Boulder Creek High School High Regular 2,639 105 6

New River Elementary School

  • Education Level: Primary
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

New River Elementary School

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

Boulder Creek High School

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

$449,910$549,890$499,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,736
Property Tax -$393
Property Insurance -$74
HOA -$93
Property Management Fees -$99
CASH FLOW
-$416

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.

$499,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0003$2,0004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3718 W Lapenna Drive New River, AZ 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.82
    •  
  • 3629 W Magellan Drive Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 4421 W Diburgo Drive Anthem, AZ 3
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 3518 W Plymouth Drive Anthem, AZ 4
    • 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2002
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 43311 N 44th Avenue Anthem, AZ 5
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Roxanne Smith
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179416
Last Updated: 01/17/2021
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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