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2961 W Lone Cactus Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,395 sqft Built 1997

$294,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $211.40
  • 4 Days on Market
  • MLS # : 6162255
  • Updated Date : 11/19/2020 at 03:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,395 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

3 Bed/2 Bath single level home in North Phoenix. NO HOA! Spacious, open floodplan, formal dining room, comfortable family room open to kitchen for easy entertaining, breakfast bar at kitchen island plus eating area, vaulted ceilings, large covered patio, nice master bed/bath with separate shower/tub & double sinks. House is located on a quiet street in a pleasant neighborhood. Conveniently close to all Freeways. Neighborhood close to number of schools. Less than 5 minutes to Norterra.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7521567

* 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
Paseo Hills School Primary Regular 959 56 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,088
Property Tax -$177
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$138

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.

$294,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,513

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
  • $1,419

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3553$1,3904$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 2961 W Lone Cactus Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3047 W Zachary Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,355
    • $1.00
    •  
  • 21649 N 30th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 3046 W Abraham Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
  • 22013 N 29th Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Dean Terzic
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162255
Last Updated: 11/19/2020
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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