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4718 W Lapenna Drive Anthem, AZ 85087

4 Beds 4 Baths 2,915 sqft Built 2011

$575,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $197.26
  • 4 Days on Market
  • MLS # : 6180826
  • Updated Date : 01/14/2021 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,915 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

ANTHEM/ARROYO GRANDE. BEAUTIFUL 3 BEDROOM HOME W/ 3 FULL BATHS & OFFICE/DEN, PLUS CASITA W/ FULL BATH...ALL ON A 15k+SF LOT! GOURMET KITCHEN WITH DARK CABINETS, GRANITE COUNTER TOPS, AND STAINLESS STEEL APPLIANCES. 18'' STAGGERED TILE.CEILING FANS T/O. SOFT WATER AND R.O. SYSTEM. CUSTOM PAINT. HUGE BACKYARD WITH PAVERS, TWO SITTING AREAS, A PUTTINGGREEN, AND GORGEOUS PLANTS/SHRUBS. PLENTY OF SPACE FOR TOYS AND RV.ENJOY YEAR ROUND EXERCISE IN THE TEMPERTAURECONTOLLED SWIM SPA. BACKYARD BBQ WITH FRIDGE AND GAS FIREPIT

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
New River Elementary School Primary Regular 275 21 6
New River Elementary School Middle Regular 275 21 6
Boulder Creek High School High Regular 2,639 105 6

New River Elementary School

  • Education Level: Primary
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

New River Elementary School

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

Boulder Creek High School

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

$517,500$632,500$575,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,997
Property Tax -$445
Property Insurance -$84
HOA -$28
Property Management Fees -$99
CASH FLOW
-$394

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.

$575,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.39%

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,245

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2603$2,4004$2,4505$2,450
$2,450
RENT COMPS ANALYSIS
  • 4718 W Lapenna Drive Anthem, AZ 2
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.78
    •  
  • 4331 W Lapenna Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2005
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 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
    •  
  • 42126 N 46th Drive Anthem, AZ 4
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2006
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 4522 W Ravina Lane Anthem, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jeffrey Byrket
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180826
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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