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4121 E Catalina Drive Phoenix, AZ 85018

3 Beds 3 Baths 2,285 sqft Built 1954

$755,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $330.42
  • 5 Days on Market
  • MLS # : 6186173
  • Updated Date : 01/29/2021 at 00:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 3 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

A MUST SEE Beautiful 3 BD/3 BA Mid-century design flared home. Nestled in a desirable 85018 Arcadia zip code. Open floor plan w/ plenty of natural light throughout house. Separate living space w/fireplace. Travertine tiled floors, granite countertops, knotty alder cabinets, and stainless-steel appliances. W/D included inside a large laundry room. Plenty of parking w/2 car garage, R/V gate & a 4-car driveway. Bathrooms have dual sink vanities, granite countertops, and a master bath with a jetted tub. Freshly painted backyard patio cool decking. Beautiful intimate backyard with pool and water feature. Located within Scottsdale Unified School district. Conveniently located w/in 5 miles of Old Town Scottsdale, Scottsdale Fashion Square, Papago Park, Sky Harbor airport & much more!!! NO HOA!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k387k

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

Neighborhood: Rancho Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342008

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$679,500$830,500$755,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,622
Property Tax -$391
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$874

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.

$755,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$205,825

INVESTMENT

$205,825

Down Payment
$188,750
Rehab Estimate
$5,750
Closing Costs
$11,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $188,750
Loan Amount $566,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,138

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
  • $2,439

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,3455$3,150
$3,150
RENT COMPS ANALYSIS
  • 4121 E Catalina Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4138 E Pinchot Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 3409 N 43rd Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 4437 E Clarendon Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.02
    •  
  • 4042 E Fairmount Avenue Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.31
    •  
PROPERTY LISTING DETAILS
David R Fuller
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186173
Last Updated: 01/29/2021
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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