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43907 N 43rd Drive Anthem, AZ 85087

4 Beds 3 Baths 3,905 sqft Built 2005

$510,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $130.60
  • 2 Days on Market
  • MLS # : 6163447
  • Updated Date : 11/21/2020 at 14:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This is the family home you've been waiting for! Hacienda-built 3,905 sq/ft, 4Bed+Den, 2.5Bath+dual loft areas w/pool & solar! Among the best lots in the area w/ no neighbors behind & incredible mountain views! Step inside to soaring ceilings, marble floors & beautiful wooden railings surrounding the upstairs living spaces. Massive open kitchen is perfect for entertaining w/ dual ovens & gas cooktop. Play pool has grotto-like waterfall w/ smart remote controls for the family to enjoy. Highly desirable floorplan w/ downstairs master bedroom. Solar panels save money during those hot summer months. West side of I-17 still includes all the amenities Anthem has to offer but lower water bills! Water Softener included. Interior paint scheduled for mid-December. Don't miss out on this opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342119

* 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
Canyon Springs School Primary Regular 782 44 7
Canyon Springs School Middle Regular 782 44 7
Boulder Creek High School High Regular 2,639 105 6

Canyon Springs School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Canyon Springs School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Boulder Creek High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,882
Property Tax -$395
Property Insurance -$103
HOA -$28
Property Management Fees -$99
CASH FLOW
-$287

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.

$510,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,576

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
  • $2,499

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,300
$2,300
RENT COMPS ANALYSIS
  • 43907 N 43rd Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 42812 N 45th Lane Anthem, AZ 2
    • 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.64
    •  
PROPERTY LISTING DETAILS
Mitch Mitchell
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163447
Last Updated: 11/21/2020
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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