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10324 E Cactus Road Scottsdale, AZ 85260

3 Beds 3 Baths 2,267 sqft Built 1980

$890,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $392.59
  • 8 Days on Market
  • MLS # : 6182221
  • Updated Date : 01/19/2021 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,267 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

PRICE & RENT TRENDS

Neighborhood: Tierra de los Arcos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Tierra de los Arcos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$801,000$979,000$890,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$3,091
Property Tax -$416
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$818

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$890,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,091

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,599

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
  • $3,162

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,8994$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 10324 E Cactus Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13302 N 101st Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1988
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 13420 N 103rd Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1991
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $1.39
    •  
  • 13179 N 101st Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.47
    •  
  • 13156 N 104th Street Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1986
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.43
    •  
PROPERTY LISTING DETAILS
Robert R Bullock
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182221
Last Updated: 01/19/2021
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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