Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,250
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $175,000 |
| Loan Amount | $525,000 |
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
-
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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155596
Last Updated: 11/19/2020
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.
