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1254 W Cactus Wren Street Apache Junction, AZ 85120

3 Beds 2 Baths 1,185 sqft Built 1959

$299,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $253.08
  • 7 Days on Market
  • MLS # : 6181409
  • Updated Date : 01/22/2021 at 19:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,185 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

MOVE IN READY! Gorgeous 3 bedrooms 2 bathroom home, NO HOA. NEW kitchen appliances, NEWLY remodeled bathrooms, New flooring, Front and side pavers, HUGE LOT, AMAZING SUPERSTITION MOUNTAIN VIEWS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Apache Junction

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Four Peaks Elementary School Primary Regular 686 37 6
Four Peaks Elementary School Middle Regular 686 37 6
Apache Junction High School High Regular 1,304 69 3

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,042
Property Tax -$160
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$161

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.

$299,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,304

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,092
1$1,0922$1,1903$1,2764$1,400
$1,400
RENT COMPS ANALYSIS
  • 1254 W Cactus Wren Street Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.00
    •  
  • 211 N Ocotillo Drive Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,092
    • $0.85
    •  
  • 1904 S Apache Drive Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,276
    • $1.10
    •  
  • 756 E Granada Avenue Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1975
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.35
    •  
PROPERTY LISTING DETAILS
Mason A Sleiman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181409
Last Updated: 01/22/2021
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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