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42424 N Gavilan Peak Parkway #61102 Anthem, AZ 85086

3 Beds 3 Baths 1,551 sqft Built 2005

$251,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $161.83
  • 2 Days on Market
  • MLS # : 6160659
  • Updated Date : 11/14/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,551 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

The only condominium community in Anthem! Enjoy the gated and private Serenity Villas with community pool and hot tub, professionally managed landscaping and grounds make a pleasurable lifestyle in the Phoenix area. This 3 bedroom 3 bathroom condo features a private patio to enjoy the AZ weather and friends. Recent laminate wood like flooring is pet friendly and simple to clean. Single room downstairs with bathroom and master bedroom with laundry room conveniently located upstairs. 10ft ceilings add to the openness. Kitchen island and large pantry for homemaking. Ceiling fans in all bedrooms. HOA includes water, sewer, trash, landscaping, roof repair and exterior paint. Visitor parking immediately in front of unit. Fridge, washer and dryer convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Serenity Villas at Anthem Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $89k353k

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

Neighborhood: Serenity Villas at Anthem Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9892203

* 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
Canyon Springs School Primary Regular 782 44 7
Canyon Springs School Middle Regular 782 44 7
Boulder Creek High School High Regular 2,639 105 6

Canyon Springs School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Canyon Springs School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Boulder Creek High School

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

$225,900$276,100$251,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$926
Property Tax -$220
Property Insurance -$57
HOA -$111
Property Management Fees -$99
CASH FLOW
-$14

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$251,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,265

INVESTMENT

$72,265

Down Payment
$62,750
Rehab Estimate
$5,750
Closing Costs
$3,765

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$926

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,750
Loan Amount $188,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,024

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
  • $1,524

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,5004$1,5755$1,700
$1,700
RENT COMPS ANALYSIS
  • 42424 N Gavilan Peak Parkway #61102 Anthem, AZ 1
    • 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 42424 N Gavilan Peak Parkway #52102 Anthem, AZ 2
    • 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 42826 N Ericson Lane Anthem, AZ 3
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2002
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 41707 N Miles Court Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 2006
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 3322 W Inspiration Drive Anthem, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2004
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Marcus Samuel Badger
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160659
Last Updated: 11/14/2020
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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