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2102 W Cactus Wren Drive Phoenix, AZ 85021

3 Beds 2 Baths 1,366 sqft Built 1956

$339,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $248.17
  • 4 Days on Market
  • MLS # : 6193069
  • Updated Date : 02/12/2021 at 01:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,366 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is a must see newly remodeled gem! From flooring, counters, cabinets, roof and A/C, it's all been done! It is truly turn key!! Make your appointment to see this soon, as you know it probably wont last long! All furniture is available for separate bill of sale also!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Washington High School High Regular 1,714 73 4

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,177
Property Tax -$202
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$162

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.

$339,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3703$1,4954$1,5455$1,600
$1,600
RENT COMPS ANALYSIS
  • 2102 W Cactus Wren Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.00
    •  
  • 6565 N 19th Avenue #43 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 1945 W Gardenia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.23
    •  
  • 7318 N 20th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.25
    •  
  • 7126 N 19th Avenue #158 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1970
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
PROPERTY LISTING DETAILS
Joshua Brown
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193069
Last Updated: 02/12/2021
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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