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5410 E Cactus Road Scottsdale, AZ 85254

3 Beds 3 Baths 2,304 sqft Built 1971

$890,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $386.28
  • 4 Days on Market
  • MLS # : 6179195
  • Updated Date : 01/14/2021 at 17:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,304 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful, modern, RESORT-living home with great curb appeal!!! Front yard was just redesigned with new synthetic grass and lush trees. On right side, there is an RV gate with extended guest parking. Walk into this home on the beautiful wood-look tile throughout the entire home! Upgraded kitchen with classy counters, cool gray pallet, SS appliances, and R/O. Triple pane windows to keep that cool air in throughout the summer are very energy efficient. Master bedroom features a huge walk in closet and a beautiful master bath with a tiled walk-in shower and luxury bath tub. Giant laundry room could be easily converted into an office or sitting area. The backyard oasis features a heated pool, gazebo, built-in BBQ, and a fire pit. So many smart features in this home too, see it for yourself!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Saguaro

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k528k

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

Neighborhood: Rancho Saguaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Desert Shadows Elementary School Primary Regular 501 33 8
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Shadows Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 33
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$801,000$979,000$890,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,091
Property Tax -$666
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$668

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.

$890,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,091

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,644

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,7954$2,9005$3,260
$3,260
RENT COMPS ANALYSIS
  • 5410 E Cactus Road Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $1.41
    •  
  • 5001 E Charter Oak Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 5107 E Wethersfield Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 5121 E Larkspur Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.26
    •  
  • 5002 E Wethersfield Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
PROPERTY LISTING DETAILS
Abby N Chavez
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179195
Last Updated: 01/14/2021
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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