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3846 W Cactus Wren Drive Phoenix, AZ 85051

3 Beds 2 Baths 1,368 sqft Built 1960

$264,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $192.98
  • 3 Days on Market
  • MLS # : 6156871
  • Updated Date : 11/06/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story cul-de-sac home offers a patio, granite countertops, and a one-car garage. This home is vacant and cleaned regularly.

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
 

$237,600$290,400$264,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$974
Property Tax -$158
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$134

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.

$264,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,710

INVESTMENT

$75,710

Down Payment
$66,000
Rehab Estimate
$5,750
Closing Costs
$3,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,000
Loan Amount $198,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,346

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
  • $1,221

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1753$1,2494$1,2755$1,299
$1,299
RENT COMPS ANALYSIS
  • 3846 W Cactus Wren Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6604 N 43rd Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.83
    •  
  • 3926 W Mclellan Boulevard Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.88
    •  
  • 3744 W Palmaire Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.93
    •  
  • 4225 W State Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156871
Last Updated: 11/06/2020
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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