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4403 W Kenai Drive New River, AZ 85087

4 Beds 2 Baths 2,030 sqft Built 2006

$375,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $184.73
  • 2 Days on Market
  • MLS # : 6149398
  • Updated Date : 11/07/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Welcome to Anthem one of Arizona's top Master Planned communities where living the lifestyle of outdoor fun and convenient amenities are boundless. This private corner lot offers spacious 4 bedrooms. Flex your formal space into zoom rooms, you decide! Open kitchen to family room creates time to decompress & enjoy entertaining! Spacious equipped laundry room offers added storage! Warm modern feel throughout! Need storage?.. oversized garage w/convenient sink, water softener & plenty of storage for all the recreational & space most active families appreciate no matter where you relocate from! Phoenix Water! Click more for amenities....

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k381k

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

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9932119

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,384
Property Tax -$285
Property Insurance -$67
HOA -$28
Property Management Fees -$99
CASH FLOW
-$22

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.

$375,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$22,941

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,840

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7954$1,8005$1,840
$1,840
RENT COMPS ANALYSIS
  • 4403 W Kenai Drive New River, AZ 5
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.91
    •  
  • 4431 W Powell Drive Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 4326 W Aracely Drive New River, AZ 2
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 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
    • $0.93
    •  
  • 43323 N 43rd Drive New River, AZ 4
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
PROPERTY LISTING DETAILS
Laura Myers
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149398
Last Updated: 11/07/2020
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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