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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

$1,640

$1,476 - $1,804

Rent Est.

$372,537  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10242203

* 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
Gavilan Peak School Primary Regular 779 47 9
Gavilan Peak School Middle Regular 779 47 9
Boulder Creek High School High Regular 2,639 105 6

Gavilan Peak School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Gavilan Peak School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 47
9
GreatSchools Rating

Boulder Creek High School

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

$319,500$390,500$355,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

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
$1,595
1$1,5952$1,6403$1,6504$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 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
Darla Livingston
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122361
Last Updated: 08/25/2020
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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