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7139 E Thirsty Cactus Lane Scottsdale, AZ 85266

3 Beds 3 Baths 2,358 sqft Built 1995

$729,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $309.16
  • 2 Days on Market
  • MLS # : 6188630
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,358 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ventana Fine Properties

Listing Agent's Description

Popular Stella floor plan on a private South facing lot. 18'' Travertine Floors, granite counters, recently updated bathrooms, and epoxy garage floors. Tranquil backyard with Flagstone Patio, gas Kiva fireplace and built in BBQ. Enjoy the Terravita lifestyle with resort type amenities that include community pool and spa, tennis, golf, club house, state of the art fitness center, and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,532
Property Tax -$340
Property Insurance -$73
HOA -$113
Property Management Fees -$99
CASH FLOW
$72

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.

$729,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$48,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,889

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,4953$2,6004$3,2305$3,600
$3,600
RENT COMPS ANALYSIS
  • 7139 E Thirsty Cactus Lane Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.37
    •  
  • 33301 N 81st Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.08
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 7270 E Eagle Feather Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 6097 E Brilliant Sky Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
PROPERTY LISTING DETAILS
Lori A. Sposi
Ventana Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188630
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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