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43900 N 13th Avenue N New River, AZ 85087

2 Beds 2 Baths 1,590 sqft Built 1996

$409,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $257.80
  • 4 Days on Market
  • MLS # : 6172284
  • Updated Date : 12/24/2020 at 00:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Dominion Group Properties

Listing Agent's Description

Gorgeous one of a kind Artist RETREAT with 360' views for MILES! Adjoining state land this 1.3 acre property has the natural desert surrounding it and the local wildlife walks up to your back door! Contemporary home designed by renowned architect Michael P. Johnson with custom paint touches and features throughout! Open floor plan, sliding privacy doors and so much more!! The views from the heated spa on a raised hilltop gazebo above the home will keep you entranced for hours! Detached 2+ car garage is perfect for your work projects, storage or even your cars!! All this and views and more views!! Sit for hours and view Phoenix/Scottsdale city lights at night and gorgeous mountain views with your morning coffee! This home will NOT last long at this great price!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
New River Elementary School Primary Regular 275 21 6
New River Elementary School Middle Regular 275 21 6
Boulder Creek High School High Regular 2,639 105 6

New River Elementary School

  • Education Level: Primary
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

New River Elementary School

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

Boulder Creek High School

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

$368,910$450,890$409,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,512
Property Tax -$278
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$207

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.

$409,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,791

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
  • $1,749

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,750
$1,750
RENT COMPS ANALYSIS
  • 43900 N 13th Avenue N New River, AZ 1
    • 2 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2421 W Turtle Hill Drive Anthem, AZ 2
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2000
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 41333 N Belfair Way Anthem, AZ 3
    • 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Bonnie M Burns
Dominion Group Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172284
Last Updated: 12/24/2020
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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