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42138 N Anthem Heights Drive Anthem, AZ 85086

2 Beds 2 Baths 1,760 sqft Built 2006

$450,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $255.68
  • 2 Days on Market
  • MLS # : 6203075
  • Updated Date : 03/06/2021 at 19:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Magnificent mountain views from every room in this home, located in the prestigious gated golf community, of Anthem Country Club on a street of MILLION DOLLAR PLUS HOMES. Enjoy the view of Daisy Mt. from the oversized courtyard w/kiva fireplace & pavers to the far away mountain vistas from the backyard with picture perfect sunsets,night time city lights and hot air balloons in the mornings! An entertainer's dream with built-in BBQ w/sink & ice chest, and extended backyard covered patio. Inside you'll find an extremely well maintained & sought after great room with split bedrooms for privacy & separate den/office. Gas range, refrigerator & washer, dryer stay. Soft water, R/O and security system plus garage cabinets. Tastefully decorated with attention to detail.

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,563
Property Tax -$420
Property Insurance -$62
HOA -$135
Property Management Fees -$99
CASH FLOW
-$178

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.

$450,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,214

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
  • $1,813

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6504$1,7505$2,150
$2,150
RENT COMPS ANALYSIS
  • 42138 N Anthem Heights Drive Anthem, AZ 1
    • 2 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3704 W Vivian Court Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,529 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,529 Sqft ∙ Built 2006
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 40825 N Barnum Way Anthem, AZ 3
    • 2 beds 2 baths ∙ 1,672 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,672 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 41333 N Belfair Way Anthem, AZ 4
    • 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 42029 N Crooked Stick Road Anthem, AZ 5
    • 2 beds 2 baths ∙ 2,064 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,064 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
PROPERTY LISTING DETAILS
Linda H. Rehwalt
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203075
Last Updated: 03/06/2021
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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