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4326 E Catalina Circle Mesa, AZ 85206

2 Beds 2 Baths 1,916 sqft Built 1979

$360,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $187.89
  • 2 Days on Market
  • MLS # : 6206671
  • Updated Date : 03/13/2021 at 02:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,916 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Sunland Village 55 plus community. 2 bedroom, 1.75 baths. #700 model with many updates. Master bedroom has walk-in closet and updated bath with enlarged shower. Guest bedroom is nice size next to updated full hall bath. Inside laundry is next to bedrooms with side entrance to outside. Washer & Dryer included. Floorplan has been opened up to give a spacious feeling in the living room and dining room area and popcorn ceiling removed. Eat-in kitchen has granite counters and updated cabinets with pull-out shelves and newer appliances. French doors to AZ room. Dual pane windows with plantation shutters. Large rear patio with pergola cover and built-in BBQ, counters and fireplace great for entertaining. Block wall for privacy. Buyer pays $1400 Common Property Maintenance Fee to HOA at closing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,250
Property Tax -$245
Property Insurance -$65
HOA -$4
Property Management Fees -$99
CASH FLOW
-$413

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.

$360,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,086

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,0453$1,2004$1,250
$1,250
RENT COMPS ANALYSIS
  • 4326 E Catalina Circle Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,916 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,916 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.65
    •  
  • 4757 E Camino Street #1 Mesa, AZ 1
    • 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.50
    •  
  • 516 N Quinn Street #1 Mesa, AZ 2
    • 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.51
    •  
  • 4523 E Camino Circle Mesa, AZ 3
    • 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.69
    •  
PROPERTY LISTING DETAILS
Thomas Dempsey Jr
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206671
Last Updated: 03/13/2021
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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