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2532 W Whitman Drive 
Anthem, AZ
85086
4 Beds 2 Baths 1,827 sqft
Built 2003
INVESTimate
$355,000
List Price
$99,825
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $194.31
- 2 Days on Market
- MLS # : 6122361
- Updated Date : 08/25/2020 at 12:18
CONSTRUCTION
- Beds : 4
- Floor Size : 1,827 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
PERFECT home in highly desired areaa of Anthem. This home is move in ready with split floor plan of 4 bedrooms and 2 bathrooms. You will love the back yard which offers lots of privacy and plenty of room for a pool. The large living room has a media niche; kitchen comes complete with appliances, large pantry, recessed lighting and a breakfast bar. The 2 car garage is perfect for keeping your car cool from the Arizona sun. You will find ceiling fans throughout the home and a covered patio in the front and back. Lets not forget about the great RV Gate with lots of space for your RV and toys. Anthem community provides great amenities which are very close to all including community park, pools, library, schools and shopping. This home is easy to view. It won't last long.
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PRICE & RENT TRENDS
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$312 | |
| Property Insurance | -$63 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$227
|
||
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.
$355,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
2.17
YEARS SAVED
$5,892
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,731
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2532 W Whitman Drive Anthem, 2
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,640
- $0.90
-
40721 N Citrus Canyon Trail Anthem, 1
- 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2003
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
2586 W Patagonia Way Anthem, 3
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
40735 N Trailhead Way Anthem, 4
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.93
-
40801 N Citrus Canyon Trail Phoenix, 5
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122361
Last Updated: 08/25/2020
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.
