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4432 E Saint Catherine Avenue Phoenix, AZ 85042

2 Beds 1 Baths 1,079 sqft Built 1973

$210,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $194.62
  • 2 Days on Market
  • MLS # : 6157488
  • Updated Date : 11/06/2020 at 18:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,079 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Cute two Bedroom One Bathroom Home in the heart of the city. Right on the border of Phoenix and Tempe, close proximity to downtown Phoenix and ASU main campus. Excellent investment opportunity. Needs some updating, but great bones. Large lot with room to expand. This property won't last at this price. Come see it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ponderosa Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Ponderosa Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7831567

* 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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$775
Property Tax -$101
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$217

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.

$210,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$40,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2403$1,2954$1,3005$1,395
$1,395
RENT COMPS ANALYSIS
  • 4432 E Saint Catherine Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 1,079 Sqft ∙ Built 1973 2 beds 1 baths ∙ 1,079 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.15
    •  
  • 4707 E Saint Charles Avenue Phoenix, AZ 1
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1979 2 beds 1 baths ∙ 900 Sqft ∙ Built 1979
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.38
    •  
  • 2306 W Fremont Drive Tempe, AZ 3
    • 2 beds 1 baths ∙ 928 Sqft ∙ Built 1974 2 beds 1 baths ∙ 928 Sqft ∙ Built 1974
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.40
    •  
  • 4901 S Calle Los Cerros Drive #269 Tempe, AZ 4
    • 2 beds 2 baths ∙ 924 Sqft ∙ Built 1984 2 beds 2 baths ∙ 924 Sqft ∙ Built 1984
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.41
    •  
  • 5832 S 42nd Place Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,097 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,097 Sqft ∙ Built 1985
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.27
    •  
PROPERTY LISTING DETAILS
Dana Lindebak
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157488
Last Updated: 11/06/2020
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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