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40925 N Hearst Drive Anthem, AZ 85086

3 Beds 2 Baths 1,567 sqft Built 2000

$329,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $210.53
  • 2 Days on Market
  • MLS # : 6207088
  • Updated Date : 03/13/2021 at 22:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Perfect Anthem location and very close (walking distance) to the Anthem community park, common areas, pools, and recreation areas. This corner lot offers near total privacy in the back yard, split bedrooms, great room and option for a home office work space, upgraded master closet, newer tile, blinds, and gutters, wash/dry/fridge all stay with the home, air conditioned separate Arizona room great for pets or extended living area, dual sinks and separate tub/shower in the master, garage storage cabinets, and ready for an immediate quick close.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,146
Property Tax -$290
Property Insurance -$58
HOA -$28
Property Management Fees -$99
CASH FLOW
$50

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.

$329,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6704$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 40925 N Hearst Drive Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.07
    •  
  • 40925 N Parker Court Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 3608 W Keller Court Anthem, AZ 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 40967 N Courage Trail Anthem, AZ 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2000
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 40820 N Hearst Drive Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2000
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
PROPERTY LISTING DETAILS
Ben Leeson
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207088
Last Updated: 03/13/2021
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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