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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $240.69
- 3 Days on Market
- MLS # : 6196715
- Updated Date : 02/19/2021 at 22:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,738 sqft
- Baths : 2 full
Listing Agent
The Noble Agency
Listing Agent's Description
This nicely updated 4 bedroom, 2 bath home sits on a huge lot with an awesome resort-style backyard! The split floor plan includes an extra large den, spacious open living area, and a formal dining area. The beautifully updated gourmet kitchen, is complete with walk-in panty , SS Appliances and breakfast bar. Gorgeous backyard backs to a wash and has views, and is an entertainer's dream with large covered patio, artificial grass lawn, large pool, spa, sport court, ramada and built in BBQ!! This home is located within easy walking distance to Gavilan Peak School and nearby parks. Schedule your showing for this weekend, Saturday and Sunday (02-20 & 2-21), 11 am to 4 pm.
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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 | $2,350 |
| EXPENSES | Loan Payment | -$2,289 |
| Property Tax | -$579 | |
| Property Insurance | -$81 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$725
|
||
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.
$659,000
PROJECTED PRICE
$2,350
PROJECTED RENT
0.36%
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
$180,385
LOAN DETAILS
$2,289
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
0.42
YEARS SAVED
$741
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,368
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
40320 N Fairgreen Way Anthem, AZ 3
- 4 beds 2 baths ∙ 2,738 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,738 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,350
- $0.86
-
41008 N Republic Way Anthem, AZ 1
- 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
-
3368 W Hemingway Lane Anthem, AZ 2
- 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
-
2823 W Wayne Lane Anthem, AZ 4
- 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
-
2862 W Haley Drive Anthem, AZ 5
- 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,450
- $0.87
PROPERTY LISTING DETAILS
The Noble Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196715
Last Updated: 02/19/2021
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.
