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40118 N Rolling Green Way Anthem, AZ 85086

6 Beds 4 Baths 4,003 sqft Built 2004

$700,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $174.87
  • 4 Days on Market
  • MLS # : 6155596
  • Updated Date : 11/19/2020 at 13:55
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,003 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Breathtaking Mountain Views from this Beautiful Home in Anthem located on 10,000 Sq. Ft. Lot!***SOLD FULLY FURNISHED! *** Step thru the front door & fall in love! This open floorplan home is Light & Bright with 6 Bedrooms, Office and 3 Car Garage. Downstairs features a spacious kitchen, formal dining & living room, complete with an Owners Suite! Kitchen has TONS of cabinets, raised panel cabinetry, center Island,Breakfast Bar,Granite Counters, Stainless Steel appliances and HUGE walk in pantry. Kitchen opens to the Family Room that great for entertaining. Large Owner's Suite has plush carpet and Spa Bathroom with dual sinks, separate shower & bath and walk in closet. Stunning Views from your private balcony that you can enjoy your morning coffee on.

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,583
Property Tax -$615
Property Insurance -$105
HOA -$28
Property Management Fees -$99
CASH FLOW
-$440

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.

$700,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.43%

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$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,603

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$2,9903$3,7504$4,400
$4,400
RENT COMPS ANALYSIS
  • 40118 N Rolling Green Way Anthem, AZ 2
    • 6 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004 6 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.75
    •  
  • 2039 W Hidden Treasure Way Phoenix, AZ 1
    • 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.75
    •  
  • 38320 N 15th Avenue Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,039 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,039 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.93
    •  
  • 2623 W Pumpkin Ridge Drive Anthem, AZ 4
    • 5 beds 5 baths ∙ 4,319 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,319 Sqft ∙ Built 2006
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.02
    •  
PROPERTY LISTING DETAILS
Susan C Dabovich
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155596
Last Updated: 11/19/2020
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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