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4425 W Heyerdahl Drive New River, AZ 85087

4 Beds 2 Baths 1,790 sqft Built 2006

$395,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $220.67
  • 3 Days on Market
  • MLS # : 6212489
  • Updated Date : 03/26/2021 at 05:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Haven Realty

Listing Agent's Description

Come check out this beautiful turn-key home in Anthem West, where you don't pay for private water and you still get access to enjoy all the great Anthem community amenities! This home features 4 bedrooms, 2 baths, with a split floor plan and open concept living, dining, and kitchen area, pullout shelving, ceiling fans, prewired surround sound, nest thermostat, nest cameras, smart switches for exterior lights, and so much more! Newly updated master bedroom suite with wood look tile, a barn door to master bath, and shiplap feature wall. Entertainers dream backyard with a stunning pebble tech pool including waterfall feature, outdoor speakers, and TV mount for you to enjoy all your favorite sporting events while lounging in the pool. Don't miss out on this amazing home!

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,372
Property Tax -$300
Property Insurance -$62
HOA -$28
Property Management Fees -$99
CASH FLOW
-$171

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.

$395,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.43%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6903$1,7004$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 4425 W Heyerdahl Drive New River, AZ 2
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.94
    •  
  • 42422 N 46th Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.90
    •  
  • 4431 W Powell Drive Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 43018 N 44th Drive Anthem, AZ 4
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 42928 N 43rd Drive New River, AZ 5
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Nicole Klindt
Haven Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212489
Last Updated: 03/26/2021
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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