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40205 N Faith Lane Anthem, AZ 85086

4 Beds 2 Baths 1,841 sqft Built 2000

$490,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $266.16
  • 2 Days on Market
  • MLS # : 6190450
  • Updated Date : 02/06/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Step inside this charming, single-level Anthem home featuring a remodeled light, bright and open floor plan with 4 bedrooms and 2 full bathrooms. Chef's grade kitchen featuring gas range, quartz counter tops, custom cabinets and breakfast bar. Situated on a large oversized lot with RV gate, this gorgeous residence has mature landscaping, separate greenhouse, private pool and spa with BBQ and an exterior brick oven pizza oven - Absolutely perfect for entertaining! Exterior has been painted in 2020 and brand new HVAC with Halo air filtration system has been installed in 2020. HOA fee includes access to all playgrounds, the community center featuring an exercise center, water park, lap and diving pools, tennis courts, basketball courts and much more. This one is not to be missed!

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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$441,000$539,000$490,000

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 -$1,702
Property Tax -$430
Property Insurance -$63
HOA -$28
Property Management Fees -$99
CASH FLOW
-$412

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.

$490,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,869

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
  • $1.04

    LIST RENT PER SQFT
  • $1,657

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6954$1,8005$1,910
$1,910
RENT COMPS ANALYSIS
  • 40205 N Faith Lane Anthem, AZ 5
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.04
    •  
  • 3310 W King Drive Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 3731 W Keller Drive Anthem, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 3745 W Jacksonville Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2004
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 39148 N Acadia Way Anthem, AZ 4
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Vincent Fiore
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190450
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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