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$379,000

For Sale - Active
42424 N Gavilan Peak Pkwy Unit 23102, Anthem, AZ 85086
3 Beds
3 Baths
1,550 Square Feet
0.02 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Jun 18, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$1,023
Cap Rate
3.0%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.6%

Property Description


0.02 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Nestled at the back of the complex away from busier areas, this Beautifully upgraded 3bd/3ba unit with two car garage offers upgrades unlike any other unit in this community!! With Upgraded Kitchen Cabinets, Counter Tops and Custom In-Cabinet Microwave; Upgraded Master Bath with free standing Soaking Tub; Upgraded Stair Railing, Washer and Dryer Included! Resort Style Community offers PICKLEBALL courts, Water Park, Lap pool with Dive Well, Fitness classes, Indoor Basketball courts, Sand Volleyball and Tennis courts, Rock Wall, Adventure Club Child Care, Catch and Release Fishing, and so much more! This is low maintenance living at its best with HOA covering All Exterior Maintenance of Unit and Grounds, and also covers Water, Sewer, and Trash! Do not wait to start living your best life

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Location


Property Details


Parking

  • Description: Electric Door Opener, Unassigned, Gated, Shared Driveway
  • Details: Unassigned, Gated, Garage Door Opener, Shared Driveway
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Village at Anthem Co
  • HOA Fee: $1,116/quarterly
  • Additional Association: Anthem Community Co
  • Additional HOA Fee: $166/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 20303398
  • Lot Size: 821 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,545

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Michele S. Whitman
HomeSmart Lifestyles
(480) 272-2728

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6807965
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,023
Cap Rate
3.0%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$379,000
Amount financed:
-$303,200
Down payment:
$75,800
Closing costs:
$11,370
Rehab costs:
$0
Initial cash invested:
$87,170
Square feet:
1,550
Cost per square foot:
$245
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$303,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,985
Property tax:
$129
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,268

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$129-$1,545
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (19%)
19%-$427-$5,124
Total operating expenses: (50%)
50%-$1,106-$13,269

Cash Flow


Monthly Yearly
Net operating income:
$962 $11,544
Mortgage payments:
-$1,985 -$23,820
Cash flow:
$1,023 $12,276