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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $171.22
- 5 Days on Market
- MLS # : 6180432
- Updated Date : 01/13/2021 at 21:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,102 sqft
- Baths : 2 full , 1 half
Listing Agent
Attorneys Realty
Listing Agent's Description
New porcelain plank flooring throughout the lower level highlights this beautiful open floor plan. The kitchen has all stainless steel appliances, pantry and breakfast bar.Laundry room includes washer and dryer. Upstairs has a huge loft area that's wide open space. This home sits on an oversized lot and has an east facing covered patio. Convenient location is close to I-17, shopping, elementary school and restaurants. Also has use of Anthem Community Recreation Center.
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PRICE & RENT TRENDS
Neighborhood: Anthem West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$279 | |
| Property Insurance | -$68 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$106
|
||
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.
$359,900
PROJECTED PRICE
$1,830
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
6.58
YEARS SAVED
$28,584
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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42509 N 45th Drive Anthem, AZ 5
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LEASED 05/01/20- Rent
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- $1,650
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4550 W Stoneman Drive Anthem, AZ 2
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LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,695
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-
43018 N 44th Drive Anthem, AZ 3
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,795
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-
4413 W Heyerdahl Drive New River, AZ 4
- 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2006
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.82
PROPERTY LISTING DETAILS
Attorneys Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180432
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.
