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3610 E Cat Balue Drive Phoenix, AZ 85050

3 Beds 2 Baths 2,084 sqft Built 2013

INVESTimate

$524,900

List Price

$2,450

$2,205 - $2,695

Rent Est.

$537,655  ( +2.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $251.87
  • 7 Days on Market
  • MLS # : 6120006
  • Updated Date : 08/20/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,084 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Highly Desired FIRESIDE Desert Ridge! There's nothing available like this! Single Story, 3 Bed/2 Bath + office/den, with granite counters and updated wood-like tile flooring throughout the main living spaces. Split Floor-plan with spacious master bed-bath and open floor-plan concept. 2013 Pulte build with soft water system, built-in refrigerator and washer-dryer stay! Visit http://www.ourfiresidedesertridge.net/Public_Login.htm for details about the Fireside community.. Call agents to schedule a showing before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fireside

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Fireside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342898

* 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
Fireside Elementary School Primary Regular 763 38 NA
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Fireside Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 38
NA
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,937
Property Tax -$358
Property Insurance -$68
HOA -$141
Property Management Fees -$99
CASH FLOW
-$153

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.

$524,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$21,191

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
  • $2,579

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3993$2,4504$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 3610 E Cat Balue Drive Phoenix, 1
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20710 N 38th Street Phoenix, 2
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.18
    •  
  • 21842 N 40th Place Phoenix, 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1998
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 3723 E Zachary Drive Phoenix, 4
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2011
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
  • 3807 E Ember Glow Way Phoenix, 5
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2014
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.37
    •  
PROPERTY LISTING DETAILS
James Jones
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120006
Last Updated: 08/20/2020
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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