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38626 N Donovan Court Anthem, AZ 85086

6 Beds 5 Baths 4,911 sqft Built 2006

$799,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $162.70
  • 2 Days on Market
  • MLS # : 6157841
  • Updated Date : 11/07/2020 at 17:52
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,911 sqft
  • Baths : 5 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Unobstructed Mountain Views for as far as you can see! Walking through the mountainside 5,000 sf home you feel on top of the world, admiring the surrounding Mountain & City Views from every room! Indoor outdoor living with the Courtyard in center of home for outdoor dining or just chillin. Elevated backyard Pavilion to relax and take in the Picturesque mountain views. 6 bedroom 5 bathroom Spectacular floor plan that works for multigenerational living, Multipurpose room, office, Spacious 4 car garage with 2 workbenches & cabinets for lots of storage. You have to see this home to fully appreciate all it has to offer. Community pool/with waterpark attached. State of the art exercise faculty award winning parks.Gorgeous Bamboo wood floors ,Diagonally 20 by 20 tile upgraded carpet. See 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
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
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,948
Property Tax -$702
Property Insurance -$123
HOA -$28
Property Management Fees -$99
CASH FLOW
-$530

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.

$799,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$12,772

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
  • $4,125

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,125
$4,125
RENT COMPS ANALYSIS
  • 38626 N Donovan Court Anthem, AZ 1
    • 6 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006 6 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38521 N Donovan Court Anthem, AZ 2
    • 5 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,911 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,125
    • $0.84
    •  
PROPERTY LISTING DETAILS
Gretchen Ravenstein
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157841
Last Updated: 11/07/2020
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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