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2157 W Kathleen Road Phoenix, AZ 85023

3 Beds 3 Baths 2,094 sqft Built 2007

$499,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $238.73
  • 3 Days on Market
  • MLS # : 6153210
  • Updated Date : 11/27/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,094 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Realty Gurus

Listing Agent's Description

Look no Further, this is your perfect North Facing Home in a gated community with Pool & Spa, Bike / walking paths, Basketball Court, Multiple Playgrounds for kids, large perfectly manicured green areas, large open floor plan with high cathedral ceilings in the Living Area, Lovely dark cabinets in Kitchen, Separate office / den, Beautiful paved backyard with a Gazebo and Patio Furniture, grow your own veggies in the Multiple Raised beds, Mature trees provide shade all year round! you gotta see this one!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k317k

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

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,844
Property Tax -$298
Property Insurance -$68
HOA -$29
Property Management Fees -$99
CASH FLOW
-$518

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$1,8504$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2157 W Kathleen Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.87
    •  
  • 2119 W Tracy Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1995
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 15911 N 22nd Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2008
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 15825 N Dante Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2229 W Kathleen Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aijaz Ansari
The Realty Gurus
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153210
Last Updated: 11/27/2020
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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