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3832 W Rising Sun Road Anthem, AZ 85086

4 Beds 3 Baths 1,965 sqft Built 2006

INVESTimate

$340,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$356,796  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $173.03
  • 7 Days on Market
  • MLS # : 6119042
  • Updated Date : 08/22/2020 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Great home in Panhandle of Anthem. Easy access to Anthem amenities while staying close to Phoenix access! Location has great mountain views and quiet street. Home has been nicely updated and is move in ready! Useable floor plan offers living room upon entry with new wood floors, open kitchen to family room and 4 nicely sized bedrooms upstairs. Kitchen is well appointed with granite tiled countertops, maple cabinets and stainless steel appliances. Home has fresh interior two-tone paint throughout and exterior paint as well. Lovely backyard has huge shade tree and covered patio. Excellent home and ready for new owner to enjoy!

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
Canyon Springs School Primary Regular 782 44 7
Canyon Springs School Middle Regular 782 44 7
Boulder Creek High School High Regular 2,639 105 6

Canyon Springs School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Canyon Springs School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Boulder Creek High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,647$2,013$1,830

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,254
Property Tax -$299
Property Insurance -$66
HOA -$84
Property Management Fees -$99
CASH FLOW
$28

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.

$340,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.54%

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7254$1,8005$1,830
$1,830
RENT COMPS ANALYSIS
  • 3832 W Rising Sun Road Anthem, 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.93
    •  
  • 3740 W Amber Nickole Court Anthem, 1
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 3738 W Blue Eagle Court Phoenix, 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 3768 W Desert Creek Lane Anthem, 3
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.94
    •  
  • 39148 N Acadia Way Anthem, 4
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chad Arend
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119042
Last Updated: 08/22/2020
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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