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42402 N Back Creek Way Anthem, AZ 85086

4 Beds 4 Baths 3,364 sqft Built 2001

INVESTimate

$649,000

List Price

$2,830

$2,580 - $3,080

Rent Est.

$668,730  ( +3.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $192.93
  • 7 Days on Market
  • MLS # : 6116190
  • Updated Date : 08/21/2020 at 18:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,364 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

This sought after Back Creek Way location offers this magnificent luxury home rich with stunning mountain and city lights views. Enjoy the resort like setting with covered Ramada / BBQ and beautiful landscaping. This is paradise in the heart of Anthem Country Club gated community. This Weston model is perfect for your family and entertaining. Home has too many features to list. Here are some: private front yard patio. Cassita with full bath, granite countertops, 48'' fridge, commercial gas cook top, upgraded appliances, central vacuum, whirlpool tub, vanity lights, new soft water system and RO, stereo surround sound, security system, garage cabinets, new tankless hot water heater, two new AC units.

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
Gavilan Peak School Primary Regular 779 47 9
Gavilan Peak School Middle Regular 779 47 9
Boulder Creek High School High Regular 2,639 105 6

Gavilan Peak School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Gavilan Peak School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Boulder Creek High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,395
Property Tax -$606
Property Insurance -$93
HOA -$393
Property Management Fees -$99
CASH FLOW
-$755

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.

$649,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$423

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
  • $3,095

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,0004$3,3955$3,500
$3,500
RENT COMPS ANALYSIS
  • 42402 N Back Creek Way Anthem, 1
    • 4 beds 4 baths ∙ 3,364 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,364 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 42318 N Harbour Town Court Anthem, 2
    • 4 beds 4 baths ∙ 3,700 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,700 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
  • 41904 N Alistair Way Anthem, 3
    • 5 beds 5 baths ∙ 3,168 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,168 Sqft ∙ Built 2005
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 41812 N La Cantera Drive Phoenix, 4
    • 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2005
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.99
    •  
  • 41911 N La Crosse Trail Anthem, 5
    • 3 beds 4 baths ∙ 3,711 Sqft ∙ Built 2005 3 beds 4 baths ∙ 3,711 Sqft ∙ Built 2005
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Gordon Thomas Brown
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116190
Last Updated: 08/21/2020
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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