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40940 N Courage Trail Anthem, AZ 85086

3 Beds 2 Baths 1,403 sqft Built 2000

$327,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $233.43
  • 4 Days on Market
  • MLS # : 6162276
  • Updated Date : 11/19/2020 at 08:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 2 full
Listing Agent

Red Manor Realty

Listing Agent's Description

Absolutely beautiful home where current owners have remodeled the kitchen, flooring, paint, lighting and both bathrooms. This home is located in the heart of Anthem just south of the amazing 60 acre grass park, water park, gym, etc. The kitchen cabinets and granite countertops are amazing, great room floor plan, very spacious backyard, eat in kitchen area, RV gate, custom master closet cabinetry, no carpet in the home, quiet street and move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10242203

* 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
Anthem School Primary Regular 771 44 8
Anthem School Middle Regular 771 44 8
Boulder Creek High School High Regular 2,639 105 6

Anthem School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Anthem School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 44
8
GreatSchools Rating

Boulder Creek High School

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

$294,750$360,250$327,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,208
Property Tax -$288
Property Insurance -$55
HOA -$28
Property Management Fees -$99
CASH FLOW
-$247

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.

$327,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,538

INVESTMENT

$92,538

Down Payment
$81,875
Rehab Estimate
$5,750
Closing Costs
$4,913

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,208

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,875
Loan Amount $245,625
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,442

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6004$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 40940 N Courage Trail Anthem, AZ 1
    • 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40712 N Apollo Way Anthem, AZ 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 3631 W Sousa Court Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 3426 W Steinbeck Drive Anthem, AZ 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 40236 N Patriot Way Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
PROPERTY LISTING DETAILS
Thomas M Lesieutre
Red Manor Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162276
Last Updated: 11/19/2020
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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