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PROPERTY INFO
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.
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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 | $2,840 |
| 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
| 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
$217,485
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
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
-
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
Ironwood Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180354
Last Updated: 01/13/2021
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.
