Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $173.29
- 3 Days on Market
- MLS # : 6199346
- Updated Date : 02/27/2021 at 21:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,568 sqft
- Baths : 2 full , 1 half
Listing Agent
Gateway Properties
Listing Agent's Description
Beautiful, large Centex home in the Anthem Master plan community. This home boasts an extra large lot with a dream workshop in the back yard. Two patio areas! The side yards are large and one with a double gate. The home is updated and presents beautifully. The large open spaces will make everyone feel right at home. All bedrooms are upstairs allowing for personal privacy. Half bath downstairs. Kitchen includes a gas range, painted cabinets, granite counter tops and stylish backsplash. The master suite is extra large, making it another great personal get away. The master bath includes a huge walk-in closet and updated bathroom sinks. Upstairs you will also find a lovely personal office, built in study area for the kids, built in book shelves and 3 additional large bedrooms.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Anthem Coventry Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem Coventry Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$391 | |
| Property Insurance | -$77 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$445,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
5.42
YEARS SAVED
$26,038
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
-
$2,138
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
42923 N Outer Bank Court Anthem, AZ 1
- 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4431 W Hower Road Phoenix, AZ 2
- 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,700
- $0.67
-
41320 N Parker Lane Anthem, AZ 3
- 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,925
- $0.87
-
3629 W Magellan Drive Anthem, AZ 4
- 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
-
43311 N 44th Avenue Anthem, AZ 5
- 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,400
- $0.94
PROPERTY LISTING DETAILS
Gateway Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199346
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
