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42923 N Outer Bank Court Anthem, AZ 85086

5 Beds 3 Baths 2,568 sqft Built 2002

$445,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $173.29
  • 3 Days on Market
  • MLS # : 6199346
  • Updated Date : 02/27/2021 at 21:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gateway Properties

Listing Agent's Description

Beautiful, large Centex home in the Anthem Master plan community. This home boasts an extra large lot with a dream workshop in the back yard. Two patio areas! The side yards are large and one with a double gate. The home is updated and presents beautifully. The large open spaces will make everyone feel right at home. All bedrooms are upstairs allowing for personal privacy. Half bath downstairs. Kitchen includes a gas range, painted cabinets, granite counter tops and stylish backsplash. The master suite is extra large, making it another great personal get away. The master bath includes a huge walk-in closet and updated bathroom sinks. Upstairs you will also find a lovely personal office, built in study area for the kids, built in book shelves and 3 additional large bedrooms.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem Coventry Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Anthem Coventry Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10152203

* 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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,546
Property Tax -$391
Property Insurance -$77
HOA -$28
Property Management Fees -$99
CASH FLOW
$9

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.

$445,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$26,038

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
  • $2,138

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,9254$2,0005$2,400
$2,400
RENT COMPS ANALYSIS
  • 42923 N Outer Bank Court Anthem, AZ 1
    • 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4431 W Hower Road Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 41320 N Parker Lane Anthem, AZ 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.87
    •  
  • 3629 W Magellan Drive Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2002
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 43311 N 44th Avenue Anthem, AZ 5
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Marion Ingegneri
Gateway Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199346
Last Updated: 02/27/2021
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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