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41219 N Congressional Drive Phoenix, AZ 85086

4 Beds 4 Baths 3,290 sqft Built 2003

$700,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $212.77
  • 3 Days on Market
  • MLS # : 6178540
  • Updated Date : 01/09/2021 at 00:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,290 sqft
  • Baths : 3 full , 1 half
Listing Agent

Kenneth James Realty

Listing Agent's Description

**Check out the Virtual Tour for a 3D walk through of your new home** Welcome to your new home nestled in one of Arizona's most sought after neighborhoods, Anthem Country Club. Your new home boasts over 3300 sq ft of meticulously maintained living space w/ soaring ceilings, 4 generous sized bedrooms, office/den, 3 car garage, heated pebble-tech pool & spa, and a state of the art Sanyo photovoltaic system (solar panels) for added energy efficiency and low electricity costs. The warm interior color pallet embraces the natural light and creates a warm experience that feels like home. The original owners loved their home and it shows, in recent years they have proactively updated the following; 2 Trane HVAC systems in 2018, new kitchen cabinets in 2018, new kitchen appliances, new water

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452521

* 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
Diamond Canyon School Primary Regular 1,035 51 10
Diamond Canyon School Middle Regular 1,035 51 10
Boulder Creek High School High Regular 2,639 105 6

Diamond Canyon School

  • Education Level: Primary
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Diamond Canyon School

  • Education Level: Middle
  • # of students: 1,035
  • # of teachers: 51
10
GreatSchools Rating

Boulder Creek High School

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

$630,000$770,000$700,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,431
Property Tax -$653
Property Insurance -$91
HOA -$119
Property Management Fees -$99
CASH FLOW
-$424

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.

$700,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,768

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
  • $3,198

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,3955$3,450
$3,450
RENT COMPS ANALYSIS
  • 41219 N Congressional Drive Anthem, AZ 1
    • 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40408 N Copper Basin Trail Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 1327 W Spirit Drive Anthem, AZ 3
    • 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 41812 N La Cantera Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2005
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.99
    •  
  • 40504 N Copper Basin Trail Anthem, AZ 5
    • 5 beds 3 baths ∙ 3,363 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,363 Sqft ∙ Built 2002
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jaime Meraz
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178540
Last Updated: 01/09/2021
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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