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41929 N Emerald Lake Drive Anthem, AZ 85086

3 Beds 3 Baths 2,478 sqft Built 2000

$569,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $229.62
  • 1 Days on Market
  • MLS # : 6184160
  • Updated Date : 01/24/2021 at 04:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Owners spared no expense when remodeling the back yard in 2017 with huge travertine paved patio leading out to a sparkling pool with water feature. Ramada with bar area to set up your own personal outdoor kitchen is a fun place to hang on a sunny afternoon! Enjoy cool evenings next to the fire pit or watch TV (conveys) under the covered patio area. Remote controlled awning for added shade too! They did not stop there when they added owned solar to the house, whole house water system, new kitchen appliances, new drip system, landscaping rock and solar lighting outside. This 3 bedroom, 2 1/2 bath home has tumbled travertine floors in kitchen, family room, master bath and office. Family room off of kitchen, formal living/dining available, butler pantry for extra storage.

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
Anthem School Primary Regular 771 44 8
Anthem School Middle Regular 771 44 8
Boulder Creek High School High Regular 2,639 105 6

Anthem School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Anthem School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Boulder Creek High School

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

$512,100$625,900$569,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,976
Property Tax -$531
Property Insurance -$75
HOA -$135
Property Management Fees -$99
CASH FLOW
-$426

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.

$569,000

PROJECTED PRICE

$2,390

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,073

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
  • $2,404

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 41929 N Emerald Lake Drive Anthem, AZ 1
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 42045 N Crooked Stick Road Anthem, AZ 2
    • 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 2000
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 2823 W Wayne Lane Anthem, AZ 3
    • 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
    •  
  • 42020 N Moss Springs Road Anthem, AZ 4
    • 3 beds 3 baths ∙ 2,542 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,542 Sqft ∙ Built 1999
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 41930 N Emerald Lake Drive Anthem, AZ 5
    • 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,454 Sqft ∙ Built 1999
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jill Tetsell
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184160
Last Updated: 01/24/2021
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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