Anthem Parkside, Anthem Country Club, Tramonto, New River and the areas around them rent to different people at different prices. Which community you own in decides the return — here is how we read them.
The larger, non-gated side of Anthem, built around the Community Park and the schools, and extending west across the I-17 into the City of Phoenix. Single-family homes on a range of lot sizes, steady demand from renters who work along the I-17 corridor, and residents who tend to renew when a home is looked after.
The gated side of Anthem, around the Persimmon and Ironwood golf courses, with its own association under the Community Council. Golf club membership is billed separately from association dues, and the association’s leasing rules have to be built into the tenancy from the start.
South of Anthem at Carefree Highway and the I-17, inside the Phoenix city limits, with newer homes on hillside lots and a shorter commute to the Deer Valley and Norterra employers. Many Anthem owners hold here too, and demand is much the same.
North and west of Anthem, unincorporated Maricopa County, with acreage, horse property and custom homes on well and septic. A different tenancy — people who want land and animals — and a different maintenance list, which we budget for before the lease rather than after.
Between Anthem and Cave Creek along Carefree Highway: larger lots, custom homes and a tenant who chose the desert on purpose. Wells, septic and long driveways are the underwriting questions here, and we ask them up front.
Twenty minutes up the I-17 is Black Canyon City, the last stop before the climb to the high country. We manage there too, so an owner with property along the whole corridor deals with one company and one phone number.
