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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $187.97
- 2 Days on Market
- MLS # : 6174097
- Updated Date : 12/26/2020 at 11:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,793 sqft
- Baths : 3 full
Listing Agent
Re/max Professionals
Listing Agent's Description
Located within walking distance to Ironwood Clubhouse, pool, gym and restaurant you will find this popular Tacoma model with 2020 Shasta heated pool/spa w/ozone, abalone shells, glass tiles, baja shelf w/bubbler, 3 waterfalls, LED colored light, Pentair phone app & transferable warranty, outdoor travertine stone pavers and all interior flooring to include large plank style tile and December 2020 carpet, high profile baseboards, lighting and fans, interior paint and water softening and filter system, sunscreens Plus DEC water heater make this the perfect AZ resort.4 full bedrooms and 3 baths, white cabinets throughout, slab granite counters, gas cooking, refrigerator & washer/dryer included & private courtyard entry.
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PRICE & RENT TRENDS
Neighborhood: Anthem Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$490 | |
| Property Insurance | -$82 | |
| HOA | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$312
|
||
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.
$525,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
2.25
YEARS SAVED
$9,282
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,290
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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41116 N Lytham Way Anthem, AZ 1
- 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004
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- Rent Per SQFT
- $0
- $0.00
-
40818 N Lytham Court Anthem, AZ 2
- 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004
LEASED 02/11/20- Rent
- Rent Per SQFT
- $2,000
- $0.72
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1814 W Wayne Lane Anthem, AZ 3
- 5 beds 4 baths ∙ 2,983 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,983 Sqft ∙ Built 2005
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.79
-
40721 N Long Landing Court Anthem, AZ 4
- 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
40902 N Congressional Drive Anthem, AZ 5
- 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.93
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174097
Last Updated: 12/26/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
