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40617 N Peale Court Anthem, AZ 85086

5 Beds 2 Baths 2,563 sqft Built 2001

$460,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $179.48
  • 2 Days on Market
  • MLS # : 6199630
  • Updated Date : 03/06/2021 at 05:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,563 sqft
  • Baths : 2 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Personality Shines in this beautiful, quiet cul-de-sac home located in Anthem Parkside. A must see, this 5 bedroom, 2 bath popular Accolade model with 2561 sqft and OWNED SOLAR(Buyer to assume solar loan)! Gorgeous open floor plan with Neutral color pallet. This Home has it all: Newly upgraded stainless steel appliances, Newly Remodeled Mater Bath with double shower heads and independent controls, New Tile and huge master suite, Newly Remodeled kitchen, sparkling pebble-tec pool, New pool Filtration system and plantation shutters in all the right places.New Epoxy garage floor. The home also boasts an outdoor fireplace for those chilly Arizona nights and an outdoor cooking area/wetbar. Home also has a fully gated dog run. Make this house your home. Will not last long on market!Agent/Owne

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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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,598
Property Tax -$404
Property Insurance -$77
HOA -$28
Property Management Fees -$99
CASH FLOW
$4

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.

$460,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.48%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,179

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,0254$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 40617 N Peale Court Anthem, AZ 1
    • 5 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40821 N Capra Way Anthem, AZ 2
    • 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 3
    • 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 4
    • 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 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
Joseph Taranto
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199630
Last Updated: 03/06/2021
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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