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6972 W Cactus Wren Drive 
Glendale, AZ
85303
3 Beds 3 Baths 2,326 sqft
Built 2001
INVESTimate
$312,000
List Price
$88,430
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $134.14
- 2 Days on Market
- MLS # : 6122058
- Updated Date : 08/25/2020 at 21:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,326 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
This Open and Spacious home includes Updated kitchen which opens up to a large great room with nice views of a low maintenance backyard with a Heated PEBBLE-TECH pool,and Jacuzzi. 3 additional rooms bedrooms plus loft, laundry room, and balcony upstairs giving everyone their own private space. Newer interior paint. Location - Location - Location - close to Westgate, stadium, shopping and restaurants only minutes away!
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PRICE & RENT TRENDS
Neighborhood: Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,151 |
| Property Tax | -$179 | |
| Property Insurance | -$73 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$147
|
||
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.
$312,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.25% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$88,430
LOAN DETAILS
$1,151
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,000 |
| Loan Amount | $234,000 |
3.33
YEARS SAVED
$9,935
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
-
$1,529
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
6972 W Cactus Wren Drive Glendale, 1
- 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6992 W Cactus Wren Drive Glendale, 2
- 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
![property image]()
LEASED 03/15/19- Rent
- Rent Per SQFT
- $1,495
- $0.65
-
7061 W Glenn Drive Glendale, 3
- 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2001
![property image]()
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,500
- $0.61
-
7253 W State Avenue Glendale, 4
- 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
![property image]()
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,550
- $0.67
-
6278 N 75 Drive Glendale, 5
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001
![property image]()
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.70
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122058
Last Updated: 08/25/2020
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.
