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7608 E Catalina Drive Scottsdale, AZ 85251

3 Beds 2 Baths 1,542 sqft Built 1955

$480,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $311.28
  • 2 Days on Market
  • MLS # : 6200078
  • Updated Date : 02/28/2021 at 03:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

A lovely 3 bed, 2 bath property located in Scottsdale is now on the market! Featuring desert landscaping with plenty of parking & a charming courtyard entry. Beautiful interior w/large dining, living and family rooms, nice flooring throughout, not to mention French doors to patio. Create a feast in the kitchen equipped with everything you need! Ample cabinetry with crown molding and plenty of counter space. Spacious master suite with w/large closet and upscale bath. A large interior laundry room. Finally, the expansive backyard, with its cozy patio and convenient storage shed, has tons of potential for customizing it any way you can imagine! Refrigerator, washer, dryer and sunshades all stay! The good ones never last, hurry and book a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2
Pima Elementary School Primary Unknown NA

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating

Pima Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,667
Property Tax -$224
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$62

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.

$480,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$36,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,336

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1103$2,3954$2,4005$2,750
$2,750
RENT COMPS ANALYSIS
  • 7608 E Catalina Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.37
    •  
  • 7648 E Avalon Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.52
    •  
  • 7416 E Edgemont Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1959
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.47
    •  
  • 8001 E Whitton Avenue Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 7642 E Verde Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1956
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.63
    •  
PROPERTY LISTING DETAILS
Kyle Yockey
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200078
Last Updated: 02/28/2021
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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