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3719 W Lanham Drive New River, AZ 85087

4 Beds 3 Baths 3,342 sqft Built 2014

$650,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $194.49
  • 3 Days on Market
  • MLS # : 6200612
  • Updated Date : 03/05/2021 at 02:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,342 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Coming soon!! You don't want to miss out on this GEM! This STUNNING home is located on a PRIME lot in Arroyo Norte neighborhood. Over $100k in value in this Oasis backyard that overlooks grassy park, mountain views and beautiful city lights. Outdoor UPGRADES include: $74k on pool/spa & travertine, $12k on pergola, $10k on BBQ island, $12k on side driveway(brick) and rv gates, $20k on view lot premium and $10k landscaping .Highly upgraded! Upstairs, you'll enjoy the generous master suite with oversized walk-in closet. HUGE electric SAVINGS with fully owned solar panels which are also fully paid for!! Over 10KW of solar production resulting very low electric bills. 4bdrm plus den, 2.5bath and 4 CAR GARAGE! This home is a MUST SEE!

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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,258
Property Tax -$441
Property Insurance -$92
HOA -$93
Property Management Fees -$99
CASH FLOW
-$663

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.

$650,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.36%

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$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,339

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,2004$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 3719 W Lanham Drive New River, AZ 1
    • 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3534 W Rushmore Drive Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2003
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
  • 42114 N 44th Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,182 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,182 Sqft ∙ Built 2004
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 43616 N 44 Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 4331 W Lapenna Drive Anthem, AZ 5
    • 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
PROPERTY LISTING DETAILS
Radojka Lala Smith
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200612
Last Updated: 03/05/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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