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42227 N Stonemark Drive Anthem, AZ 85086

3 Beds 4 Baths 2,782 sqft Built 1999

$799,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $287.20
  • 5 Days on Market
  • MLS # : 6180354
  • Updated Date : 01/13/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,782 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ironwood Fine Properties

Listing Agent's Description

Highly customized home with golf and mountain views. Backyard casita, babbling brook, built in BBQ off kitchen, fire pit with seating, all set against the backdrop of the high Sonoran desert. Entire customized master bath and closet. Double kitchen islands with waterfall edging, new 18'' by 36'' tile throughout home, crown moulding, upgraded insulation, custom lighting, plantation shutters, new cabinets...an so much more! See attached renovations sheet for full list of upgrades. All this and the awarding winning gated community of Anthem Country Club, two championship golf courses, restaurants and fitness centers.

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,775
Property Tax -$746
Property Insurance -$81
HOA -$131
Property Management Fees -$99
CASH FLOW
-$992

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.

$799,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,824

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,8404$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 42227 N Stonemark Drive Anthem, AZ 3
    • 3 beds 4 baths ∙ 2,782 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,782 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.02
    •  
  • 2862 W Haley Drive Anthem, AZ 1
    • 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,830 Sqft ∙ Built 2001
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
  • 41930 N Emerald Lake Drive Anthem, AZ 2
    • 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
    •  
  • 42103 N Anthem Heights Drive Anthem, AZ 4
    • 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.10
    •  
  • 41618 N Emerald Lake Drive Anthem, AZ 5
    • 3 beds 3 baths ∙ 2,892 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,892 Sqft ∙ Built 2000
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jeffrey A Seman
Ironwood Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180354
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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