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4111 E Saint Catherine Avenue Phoenix, AZ 85042

3 Beds 2 Baths 1,053 sqft Built 1973

$239,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $227.83
  • 3 Days on Market
  • MLS # : 6196673
  • Updated Date : 02/19/2021 at 19:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,053 sqft
  • Baths : 1 full , 1 half
Listing Agent

Deluxe Realty

Listing Agent's Description

***Investor Special*** This is not an easy flip, please do your own due delligence. This home is in need of a complete remodel and is being sold as-is, seller will make no repairs. Pool is not functional. You must view the property prior to submitting an offer. ***Warning*** There is offensive graffiti in the property, please take notice. Realtors see Private remarks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: University Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: University Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7281567

* 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
Nevitt Elementary School Primary Regular 789 45 6
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Nevitt Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 45
6
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$833
Property Tax -$115
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$75

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.

$239,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$21,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,4953$1,4954$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 4111 E Saint Catherine Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.11
    •  
  • 4536 E Lynne Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
  • 4162 E Wayland Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 5815 S 42nd Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 4317 E Burgess Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1974
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
PROPERTY LISTING DETAILS
Harold Kayser Iii
Deluxe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196673
Last Updated: 02/19/2021
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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