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2145 E Cathedral Rock Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,300 sqft Built 1990

$462,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $200.87
  • 3 Days on Market
  • MLS # : 6205990
  • Updated Date : 03/12/2021 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Wonderful 2 story home with both formal and informal living and dining rooms. Spacious kitchen with ample cabinet space, center island, granite counters and flows nicely into the living room that boasts wood burning fireplace and tons of natural light. Upstairs you will find all of the bedrooms including the huge master suite. The master bathroom has dual sinks, walk in closet, soaker tub and walk in shower. The back yard has a covered patio, BBQ, fruit trees and a pool with a in-ground tub. All of this can be yours! What a gem! This home is also included in the Mountain Park Ranch Community with three community pools and parks. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonterra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k370k

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

Neighborhood: Sonterra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
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
 

$415,800$508,200$462,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,605
Property Tax -$329
Property Insurance -$72
HOA -$5
Property Management Fees -$99
CASH FLOW
-$29

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.

$462,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,180

INVESTMENT

$128,180

Down Payment
$115,500
Rehab Estimate
$5,750
Closing Costs
$6,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,500
Loan Amount $346,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$23,339

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,080

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9483$2,0004$2,0805$2,450
$2,450
RENT COMPS ANALYSIS
  • 2145 E Cathedral Rock Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.90
    •  
  • 2750 E Cathedral Rock Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1988
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 1204 E Silverwood Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,948
    • $0.96
    •  
  • 2119 E Nighthawk Way Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1994
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 2510 E Rockledge Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1991
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.12
    •  
PROPERTY LISTING DETAILS
Patricia Bonnell
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205990
Last Updated: 03/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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