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41116 N Majesty Way Anthem, AZ 85086

4 Beds 3 Baths 2,350 sqft Built 2001

$474,990

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $202.12
  • 3 Days on Market
  • MLS # : 6176498
  • Updated Date : 01/08/2021 at 03:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,350 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Awesome Anthem Parkside Home! Popular & rare floorplan with high ceilings sporting numerous updated upgrades on private wash lot in desirable neighborhood! Spacious bedrooms including master suite with large walk-in closet & balcony overlooking oversized backyard oasis perfect for entertaining, complete with pebble sheen pool, fire pit, roll down shades & RV gate. 3-car garage. Enjoy outdoor AZ living at its finest, including stunning sunrises & sunsets. Wonderful location, walking distance to master-planned community amenities. Separate living rooms & gas fireplace downstairs. New flooring throughout, including improved & low-maintenance vinyl plank; also slate backsplash, island & fireplace surrounds. New Trane HVAC systems, newer hot water heater & softener. Schedule your private tour!

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
Gavilan Peak School Primary Regular 779 47 9
Gavilan Peak School Middle Regular 779 47 9
Boulder Creek High School High Regular 2,639 105 6

Gavilan Peak School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Gavilan Peak School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$427,491$522,489$474,990

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,650
Property Tax -$417
Property Insurance -$73
HOA -$28
Property Management Fees -$99
CASH FLOW
$183

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.

$474,990

PROJECTED PRICE

$2,450

PROJECTED RENT

0.52%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$131,622

INVESTMENT

$131,622

Down Payment
$118,748
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,748
Loan Amount $356,243
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$41,659

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
  • $2,115

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9954$2,0005$2,400
$2,400
RENT COMPS ANALYSIS
  • 41116 N Majesty Way Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2609 W Medinah Way Anthem, AZ 2
    • 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 41363 N Yorktown Trail Anthem, AZ 3
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 40821 N Capra Way Anthem, AZ 4
    • 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
    •  
  • 40839 N Capra Way Anthem, AZ 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
PROPERTY LISTING DETAILS
Bret Ceren, Iv
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176498
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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