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40256 N Exploration Trail Anthem, AZ 85086

3 Beds 3 Baths 2,575 sqft Built 2000

$495,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $192.23
  • 4 Days on Market
  • MLS # : 6200754
  • Updated Date : 03/04/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,575 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Your new home will take your breath away from the moment you open the door. This lovingly cared for One Owner home boasts style and grace. As you walk in from the front door, you get the feeling of calm, peace, family and friends. Move throughout freely in an open layout - great for entertaining - and yet you still have a private and warm space. Into the open white kitchen with SS appliances and so many beautiful cabinets. Large first floor Master with patio/ pool entrance door. Guest room and office downstairs as well. Large upstairs bedroom with private bath. Enjoy warm nights with the harmonious waterfall pool and entertain around the fire pit and grill. 3 car garage. Next to pocket park within the Parkside Area. Don't miss the chance to call this your new home! Pool table to convey

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,719
Property Tax -$435
Property Insurance -$77
HOA -$28
Property Management Fees -$99
CASH FLOW
-$208

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.

$495,000

PROJECTED PRICE

$2,150

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

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,736

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0253$2,1504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 40256 N Exploration Trail Anthem, AZ 3
    • 3 beds 3 baths ∙ 2,575 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,575 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 40821 N Capra Way Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 41008 N Republic Way Anthem, AZ 2
    • 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1999
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.79
    •  
  • 3212 W Steinbeck Drive Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1999
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 2823 W Wayne Lane Anthem, AZ 5
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2001
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jennifer Henderson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200754
Last Updated: 03/04/2021
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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