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2251 S Catarina Circle 
Mesa, AZ
85202
3 Beds 2 Baths 2,374 sqft
Built 1980
INVESTimate
$499,000
List Price
$137,985
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $210.19
- 3 Days on Market
- MLS # : 6121662
- Updated Date : 08/25/2020 at 10:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,374 sqft
- Baths : 2 full
Listing Agent
Home Centric Real Estate, Llc
Listing Agent's Description
Beautiful corner lot home in Cul De Sac has inviting curb appeal with a custom built front courtyard! A stunning open floor plan with vaulted ceilings. 600 ft. living room! Home office/formal living or dining, many possibilities! The large family room has beautiful oak wood floors and a cozy fireplace. The bright kitchen has white cabinets, granite counters, induction cooktop, wall mount oven, wine fridge & breakfast bar. The owner's suite has a private entrance, sitting area, sliding barn door for water closet, double vanity, tiled shower & walk-in closet. Generous sized bedrooms. The resort style backyard has a covered patio, pebble tec pool w/water features, nice grass areas, built-in BBQ and bar top. Easy access to schools, shopping and major freeways
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PRICE & RENT TRENDS
Neighborhood: Dobson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dobson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$259 | |
| Property Insurance | -$77 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$242
|
||
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.
$499,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
3.42
YEARS SAVED
$16,675
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,326
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2251 S Catarina Circle Mesa, 3
- 3 beds 2 baths ∙ 2,535 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,535 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,080
- $0.82
-
2080 E Dunbar Drive Tempe, 1
- 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1972
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,995
- $0.88
-
2357 S Paseo Loma Circle Mesa, 2
- 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1983
LEASED 11/26/19- Rent
- Rent Per SQFT
- $2,000
- $0.84
-
1355 W Lobo Avenue Mesa, 4
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,595
- $0.98
-
2508 W Monte Avenue Mesa, 5
- 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979
LEASED 03/03/20- Rent
- Rent Per SQFT
- $2,595
- $0.97
PROPERTY LISTING DETAILS
Home Centric Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121662
Last Updated: 08/25/2020
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.
