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4707 W Culpepper Drive New River, AZ 85087

5 Beds 4 Baths 3,890 sqft Built 2007

$609,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $156.79
  • 4 Days on Market
  • MLS # : 6211490
  • Updated Date : 03/26/2021 at 18:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,890 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Desert Estates

Listing Agent's Description

This is an EXTRAORDINARY HOME!!! On one level. Is inviting & elegant. Beautiful home nestled in the mountains of New River,subdivision of Anthem Parkside. Great Energy saving with 36 Solar Panels. AVG electric bill for this home is 150.00 year round Inside you'll find 5 Huge bedrooms and 3.5 bathrooms, Gorgeous flowing floor plan from the entry that opens into the living room. and formal dining . Family room is adjacent to the Big Kitchen made for entertaining. The back courtyard overlooks the Arroyo and the sunsets. The home has new paint in and out as well as new carpet. Move in Ready!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k381k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10242155

* 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
 

$548,910$670,890$609,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,118
Property Tax -$463
Property Insurance -$103
HOA -$28
Property Management Fees -$99
CASH FLOW
-$362

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.

$609,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,186

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,450
$2,450
RENT COMPS ANALYSIS
  • 4707 W Culpepper Drive New River, AZ 3
    • 5 beds 4 baths ∙ 3,890 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,890 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.63
    •  
  • 42812 N 45th Lane Anthem, AZ 1
    • 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
    •  
  • 4536 W Judson Drive New River, AZ 2
    • 6 beds 4 baths ∙ 3,968 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,968 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.60
    •  
PROPERTY LISTING DETAILS
Jo Ann Ayres
Century 21 Desert Estates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211490
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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