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930 W Catalina Drive Phoenix, AZ 85013

4 Beds 4 Baths 2,647 sqft Built 1948

$560,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $211.56
  • 9 Days on Market
  • MLS # : 6152101
  • Updated Date : 10/28/2020 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Location Location Location! Beautifully refreshed home in the Campus Vista Historic District. Featuring 4 bedrooms and 3.5 baths. As you are walk into the home the first thing that catches your eye is the large open space and the double slider leading out to your relaxing backyard. Featuring a Master suite with direct access to that backyard. One of the bedrooms has it owns ensuite and separate entrance to the home. The home has a cozy wood burning fireplace and many other extras. Come take a look at this lovely home in Campus Vista Historic District; you won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Phoenix College

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k329k

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

Neighborhood: Phoenix College

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621677

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,066
Property Tax -$295
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
$121

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.

$560,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$54,608

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
  • $3,115

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8504$3,200
$3,200
RENT COMPS ANALYSIS
  • 930 W Catalina Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,647 Sqft ∙ Built 1948 4 beds 4 baths ∙ 2,647 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1602 W Wilshire Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1939 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1939
    property image
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
  • 1144 W Edgemont Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.21
    •  
  • 1011 W Coronado Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.23
    •  
PROPERTY LISTING DETAILS
Teri Mogensen
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152101
Last Updated: 10/28/2020
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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