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6422 W Catalina Drive Phoenix, AZ 85033

4 Beds 2 Baths 1,765 sqft Built 1971

$282,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $159.77
  • 3 Days on Market
  • MLS # : 6203176
  • Updated Date : 03/06/2021 at 21:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Beautiful House! 4 Bedrooms, 2 Bathrooms. Very spacious bedrooms. Kitchen has been recently semi-remodeledwith granite countertops and backsplash. Bathrooms have granite countertops as well. This house offers a BIG backyard and a covered patio. Ideal for starter home. Come and see the possibilities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Knoll

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $70k271k

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

Neighborhood: Sunset Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6541567

* 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
Sunset Elementary School Primary Regular 701 34 8
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Sunset Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 34
8
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$253,800$310,200$282,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$979
Property Tax -$170
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$10

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.

$282,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,480

INVESTMENT

$80,480

Down Payment
$70,500
Rehab Estimate
$5,750
Closing Costs
$4,230

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,500
Loan Amount $211,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3954$1,3995$1,450
$1,450
RENT COMPS ANALYSIS
  • 6422 W Catalina Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 3330 N 64th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6136 W Clarendon Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958
    property image
    LEASED 02/03/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 6205 W Clarendon Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.84
    •  
  • 7130 W Avalon Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rosangela Garcia
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203176
Last Updated: 03/06/2021
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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