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39601 N Belfair Way Anthem, AZ 85086

3 Beds 2 Baths 2,338 sqft Built 2004

$389,995

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $166.81
  • 6 Days on Market
  • MLS # : 6175281
  • Updated Date : 12/31/2020 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,338 sqft
  • Baths : 2 full
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

Fantastic opportunity to own this beautiful home tucked into amenity rich Anthem with pools, water park, walking trails, tennis and pickle ball courts, community center and so much more. This gem features great curb appeal leading into the light and bright interior with a cozy fireplace in living, a fluid open floor plan, plush carpet and tile in all the right places. Kitchen boasts granite counter tops, a plethora of cabinet space and breakfast bar seating. Spacious master retreat includes private en suite with dual sinks, soaking tub and separate shower. Step out to your covered patio and enjoy the low maintenance back yard with mature shade trees. New carpet and fresh interior paint!

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
Diamond Canyon School Primary Regular 1,035 51 10
Diamond Canyon School Middle Regular 1,035 51 10
Boulder Creek High School High Regular 2,639 105 6

Diamond Canyon School

  • Education Level: Primary
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Diamond Canyon School

  • Education Level: Middle
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Boulder Creek High School

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

$350,996$428,995$389,995

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,439
Property Tax -$343
Property Insurance -$73
HOA -$28
Property Management Fees -$99
CASH FLOW
-$71

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.

$389,995

PROJECTED PRICE

$1,910

PROJECTED RENT

0.49%

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,099

INVESTMENT

$109,099

Down Payment
$97,499
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,499
Loan Amount $292,496
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8504$1,9105$2,250
$2,250
RENT COMPS ANALYSIS
  • 39601 N Belfair Way Anthem, AZ 4
    • 3 beds 2 baths ∙ 2,338 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,338 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.82
    •  
  • 2217 W Shackleton Drive Anthem, AZ 1
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 2004
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 1707 W Twain Court Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 2106 W Hemingway Court Anthem, AZ 3
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 39524 N Belfair Way Anthem, AZ 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Robert Cushing
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175281
Last Updated: 12/31/2020
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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