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5286 W Lone Cactus Drive Glendale, AZ 85308

4 Beds 3 Baths 2,949 sqft Built 1997

$639,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $216.68
  • 4 Days on Market
  • MLS # : 6175912
  • Updated Date : 01/01/2021 at 16:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,949 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

LARGE CUL-DE-SAC LOT W/ DESERT FRONT FLAGSTONE LANDSCAPING & CUSTOM POND. EXTENSIVE USE OF 18' TILE AND HARDWOOD FLOOR, CURVED OAK STAIRCASE - FIREPLACE IN FAMILY ROOM - LAKE & MOUNTAIN VIEWS FROM FAMILY ROOM, KITCHEN, FORMAL DINING & MASTER STE - DECK OVERLOOKING LAKE - JACUZZI TUB IN MASTER BATH - ALL GRANITE UPGRADES IN THE KITCHEN AND ALL THE BATHROOMS. TWO BRAND NEW CARRIER A/C REPLACED IN 2020 COMES WITH 10 YEAR COMPRESSOR WARRANTY. A MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $104k575k

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

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522397

* 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
Legend Springs Elementary School Primary Regular 647 36 9
Legend Springs Elementary School Middle Regular 647 36 9
Mountain Ridge High School High Regular 2,206 94 7

Legend Springs Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Legend Springs Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,358
Property Tax -$455
Property Insurance -$85
HOA -$25
Property Management Fees -$99
CASH FLOW
-$261

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.

$639,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$21,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,750

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,7604$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5286 W Lone Cactus Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.94
    •  
  • 21622 N 59th Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 6105 W Irma Lane Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 5870 W Del Lago Circle Glendale, AZ 4
    • 3 beds 3 baths ∙ 3,042 Sqft ∙ Built 1991 3 beds 3 baths ∙ 3,042 Sqft ∙ Built 1991
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 20814 N 52nd Avenue Glendale, AZ 5
    • 5 beds 3 baths ∙ 3,046 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,046 Sqft ∙ Built 1998
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jae Shin
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175912
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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