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3936 E Cat Balue Drive Phoenix, AZ 85050

3 Beds 3 Baths 1,444 sqft Built 2009

$390,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $270.08
  • 5 Days on Market
  • MLS # : 6156079
  • Updated Date : 11/04/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Stop searching! This two-story home here in popular Phoenix is the one you have been looking for! Providing great curb appeal, stone accents on the facade, and easy care desert landscaping. Take a look at this welcoming interior complete with 3 bed, 2.5 bath, gorgeous chandeliers, neutral color palette, and living/dining area. You will absolutely love cooking in this dreamy eat-in kitchen offering everything you need; recessed lighting, plenty cabinet space, granite counter-tops, and high-end appliances ready to be used. The main bedroom includes a sliding-barn door leading to the lavish en-suite bathroom with dual sinks and walk-in closet. Perfectly sized patio is ideal for relaxing afternoons. In this community you will discover a lifestyle you will fall in love with! Start calling now!

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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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,439
Property Tax -$246
Property Insurance -$55
HOA -$216
Property Management Fees -$99
CASH FLOW
-$15

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.

$390,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$22,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0404$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3936 E Cat Balue Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.41
    •  
  • 3947 E Melinda Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.32
    •  
  • 3967 E Melinda Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.35
    •  
  • 3935 E Cat Balue Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.45
    •  
  • 3964 E Cat Balue Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2009
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.52
    •  
PROPERTY LISTING DETAILS
Stephen Willis
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156079
Last Updated: 11/04/2020
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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