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1323 E Cathedral Rock Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,236 sqft Built 1994

$419,500

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $187.61
  • 5 Days on Market
  • MLS # : 6159070
  • Updated Date : 11/13/2020 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

4:10 Real Estate, Llc

Listing Agent's Description

Location! Location! Location! This home is located in the heart of Ahwatukee at the foothill of South Mountain surrounded by magnificent 270 degree mountain views! Cul-de-sac lot, right across community green field with Ramada and BBQ, peaceful and quiet neighborhood with walking distance to highly sought-after Kyrene school district and minutes to South Mountain hiking trails. This home features brand new contemporary maple kitchen cabinets and granite countertop with plenty of counter space and storage, brand new granite vanity in three bathrooms, 4 spacious bedrooms with walk in closets, plus an open loft overlooking downstairs, cathedral high ceiling, fireplace, windows with mountain views, 4th bedroom with built in desk and shelf, 20''x20'' tiles throughout the house, newer carpet,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$377,550$461,450$419,500

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,548
Property Tax -$299
Property Insurance -$71
HOA -$6
Property Management Fees -$99
CASH FLOW
-$132

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.

$419,500

PROJECTED PRICE

$1,890

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,918

INVESTMENT

$116,918

Down Payment
$104,875
Rehab Estimate
$5,750
Closing Costs
$6,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,548

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,875
Loan Amount $314,625
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$17,282

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
  • $2,001

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,7904$1,9485$1,995
$1,995
RENT COMPS ANALYSIS
  • 1323 E Cathedral Rock Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 901 E Goldenrod Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1994
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.81
    •  
  • 1012 E Amberwood Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1995
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.92
    •  
  • 1204 E Silverwood Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,948
    • $0.96
    •  
  • 15205 S 14th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1995
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jason J. Geroux
4:10 Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159070
Last Updated: 11/13/2020
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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