Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
3403 W Saint Kateri Drive 
Phoenix, AZ
85041
3 Beds 2 Baths 1,847 sqft
Built 2016
INVESTimate
$294,900
List Price
$83,899
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $159.66
- 1 Days on Market
- MLS # : 6122694
- Updated Date : 08/26/2020 at 02:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,847 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Check out this SOLID 10! Nestled on a quiet street this home has ALL the attention to detail in ALL the right places. Walk through the front door and it's much larger than you would imagine with 9ft ceilings, formal living room, formal dining room, a huge family room and den. The kitchen is the center of the Home featuring granite countertops, stainless steel appliances, rich cabinetry and a walk-in pantry, ready for the Saturday Costco run! A Large Master Suite with private bath featuring a walk-in shower and soaking tub with a walk-in closet, perfect for his and hers! The split floor plan has tile flooring throughout, that's right no carpet and tons of natural light. A HUGE backyard with extended covered patio and built in fireplace, perfect for Arizona sunsets! You won't want to leave..
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Southern Views
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Views
* 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 | $1,540 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$192 | |
| Property Insurance | -$63 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$44
|
||
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.
$294,900
PROJECTED PRICE
$1,540
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.58% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
6.25
YEARS SAVED
$24,784
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,648
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
3403 W Saint Kateri Drive Phoenix, 2
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,540
- $0.83
-
6625 S 31st Drive Phoenix, 1
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,445
- $0.82
-
3217 W Fremont Road Phoenix, 3
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2019
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
-
3618 W Vineyard Road Phoenix, 4
- 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2004
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,625
- $0.84
-
3241 W Shumway Farm Road Phoenix, 5
- 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122694
Last Updated: 08/26/2020
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.
