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38818 N Red Tail Lane Anthem, AZ 85086

4 Beds 4 Baths 2,915 sqft Built 2006

$425,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $145.80
  • 2 Days on Market
  • MLS # : 6160439
  • Updated Date : 11/14/2020 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,915 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

YOU are all that's needed to fill this 3-Bedroom, Den, Casita and 3.5-Bathroom, Del Webb-built home. Red Tail Lane is a tree-lined street, with sidewalks and well-kept homes--that's the setting for this beautiful home. Step inside and you will find large bedrooms, a private master suite, a huge laundry room and a kitchen that puts everything you've seen to shame. Wood blinds, fresh two-tone paint, and brand new carpet is move-in ready. The back yard is perfect for entertaining under and around the pergola. Just a short bike ride to school, shopping and the park, too! It's all anyone could ask for.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342155

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,568
Property Tax -$373
Property Insurance -$84
HOA -$28
Property Management Fees -$99
CASH FLOW
-$232

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.

$425,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,745

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
  • $2,128

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,9504$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 38818 N Red Tail Lane Anthem, AZ 1
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3329 W Honor Court Anthem, AZ 2
    • 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2000
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.59
    •  
  • 40020 N Integrity Trail Anthem, AZ 3
    • 4 beds 2 baths ∙ 2,575 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,575 Sqft ∙ Built 2000
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 3411 W King Drive Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2001
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 3368 W Hemingway Lane Anthem, AZ 5
    • 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Karen K Batson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160439
Last Updated: 11/14/2020
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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