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3714 W Cactus Wren Drive Phoenix, AZ 85051

4 Beds 2 Baths 2,048 sqft Built 1960

INVESTimate

$259,900

List Price

$1,470

$1,323 - $1,617

Rent Est.

$279,418  ( +7.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $126.90
  • 5 Days on Market
  • MLS # : 6121134
  • Updated Date : 08/23/2020 at 12:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,048 sqft
  • Baths : 1 full , 1 half
Listing Agent

New Start Realty And Relocation

Listing Agent's Description

Don't miss this great home -This is one of the largest homes in the area was just officially re-measured at 2,048. Bonus room (GAMEROOM-FAMILY ROOM) in the back PLUS extra bedroom for a total of 4. Wood and tile flooring throughout house, new carpet in the bedrooms. Inside laundry room, washer dryer and fridge included. NEW HVAC 14 SEER HEAT PUMP System 2019 with 10 year warranty. Roof was reshingled in 2019. GREAT location, with stores within walking distance, close to I-17 and 7 miles from WestGate/ Cardinals stadium. TURN THIS HOUSE INTO YOUR HOME.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k271k

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

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7841567

* 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
Roadrunner Elementary School Primary Regular 797 35 4
Roadrunner Elementary School Middle Regular 797 35 4
Washington High School High Regular 1,714 73 4

Roadrunner Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Roadrunner Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Washington High School

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

$233,910$285,890$259,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$959
Property Tax -$161
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$184

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.

$259,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$38,743

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
  • $1,603

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,5004$1,5155$1,695
$1,695
RENT COMPS ANALYSIS
  • 3714 W Cactus Wren Drive Phoenix, 1
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4340 W Morten Avenue Glendale, 2
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1955
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 3739 W Orangewood Avenue Phoenix, 3
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 3827 W Loma Lane Phoenix, 4
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1971
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.77
    •  
  • 2911 W Cactus Wren Drive Phoenix, 5
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1972
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
PROPERTY LISTING DETAILS
Robin Summers
New Start Realty And Relocation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121134
Last Updated: 08/23/2020
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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