Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4908 W Catalina Drive Phoenix, AZ 85031

3 Beds 2 Baths 1,405 sqft Built 1958

$260,000

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $185.05
  • 3 Days on Market
  • MLS # : 6159102
  • Updated Date : 11/14/2020 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,405 sqft
  • Baths : 2 full
Listing Agent

Homepros

Listing Agent's Description

You know this will sell in a heart beat ! so make sure you send your offers today! Beautiful Property located just minutes away from the I-10 Freeway for easy access, It is Bright and clean, ready to move in, Open and modern concept, updated bathrooms, kitchen and tile, 1 car garage and yes it has a POOL!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Justine Spitalny Elementary School Primary Regular 630 31 2
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

Justine Spitalny Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 31
2
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$959
Property Tax -$157
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$229

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.

$260,000

PROJECTED PRICE

$1,040

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,928

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
  • $1,092

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9503$1,2454$1,2995$1,299
$1,299
RENT COMPS ANALYSIS
  • 4908 W Catalina Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3840 N 43rd Avenue #44 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.76
    •  
  • 3823 N 48th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 5826 W Campbell Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.77
    •  
  • 6205 W Clarendon Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.78
    •  
PROPERTY LISTING DETAILS
Josue Marquez
Homepros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159102
Last Updated: 11/14/2020
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.

BESbswy