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42132 N Long Cove Way Anthem, AZ 85086

3 Beds 3 Baths 2,986 sqft Built 2001

$735,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $246.15
  • 2 Days on Market
  • MLS # : 6209913
  • Updated Date : 03/20/2021 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,986 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Located high up in the Country Club this popular Valero floorplan sits on a premium golf course lot offering stunning golf course, mountain, and distant valley views! Thoughtfully built and lovingly maintained by the original owners, this home is the epitome of ''good bones'' offering impressive details and upgrades: 12 foot ceiling heights enhanced with crown moldings; custom Anderson windows and doors; 4'' plantation shutters; 18'' neutral tile flooring laid on the diagonal in all main living areas; Stainless Steel GE Monogram Series appliances including built-in refrigerator, 5 burner gas cooktop, warming drawer plus new KitchenAide dishwasher; surround sound throughout home* and covered patio; automated sunshades on all west facing windows & automated awning spanning the covered patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

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

Neighborhood: Anthem Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452521

* 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
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,553
Property Tax -$686
Property Insurance -$85
HOA -$135
Property Management Fees -$99
CASH FLOW
-$608

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.

$735,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,135

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9503$2,9954$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 42132 N Long Cove Way Anthem, AZ 2
    • 3 beds 3 baths ∙ 2,986 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,986 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.99
    •  
  • 40902 N Congressional Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2003
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 41509 N Laurel Valley Way Anthem, AZ 3
    • 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 2002
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.04
    •  
  • 42103 N Anthem Heights Drive Anthem, AZ 4
    • 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.10
    •  
  • 1331 W Wayne Court Anthem, AZ 5
    • 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,304 Sqft ∙ Built 2004
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Debra Ecker
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209913
Last Updated: 03/20/2021
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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