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4419 W Powell Drive New River, AZ 85087

5 Beds 3 Baths 2,977 sqft Built 2006

$390,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $131.00
  • 4 Days on Market
  • MLS # : 6185265
  • Updated Date : 01/30/2021 at 07:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,977 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

This is a must see popular 2 story home in Anthem by Engle Homes! Freshly paintedinside! This home features 9 ft flat ceilings, game room upstairs and private guest room and bath downstairs! Refrigerator, washer and dryer are included with home! Buyer to verify all material facts.*Pool Table can be purchased in a separate sale.*

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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,355
Property Tax -$296
Property Insurance -$85
HOA -$28
Property Management Fees -$99
CASH FLOW
$157

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.

$390,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$35,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,315

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,2503$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 4419 W Powell Drive New River, AZ 1
    • 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.68
    •  
  • 4503 W Moss Springs Road Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,037 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,037 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 4521 W Ravina Lane Anthem, AZ 3
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.77
    •  
  • 4522 W Ravina Lane Anthem, AZ 4
    • 5 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 4434 W Moss Springs Road Anthem, AZ 5
    • 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Barbra Lynn Barbes
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185265
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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