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7254 W Lone Cactus Drive Glendale, AZ 85308

5 Beds 3 Baths 3,053 sqft Built 1998

$514,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $168.65
  • 3 Days on Market
  • MLS # : 6165173
  • Updated Date : 11/27/2020 at 12:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,053 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Come and see this beautiful 5 bed, 3 bath home now for sale in Sierra Verde! Sitting on a corner lot, this home offers a 3 car garage with built in cabinetry, while the interior has brand new plank flooring, plantation shutters and neutral paint throughout. The luxurious kitchen would make any chef jealous, with its ample cabinetry featuring crown molding, pantry, stainless steel appliances including a double wall oven and wine cooler, granite countertops, and HUGE island with breakfast bar. The large master bedroom offers bay windows and his and her closets. One bedroom and full bath down, currently being used as an office. Finally, the stunning backyard includes a covered patio, fire pit, built-in BBQ, and a refreshing pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k366k

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

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Sierra Verde School Primary Regular 966 51 9
Sierra Verde School Middle Regular 966 51 9
Mountain Ridge High School High Regular 2,206 94 7

Sierra Verde School

  • Education Level: Primary
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Sierra Verde School

  • Education Level: Middle
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Mountain Ridge High School

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

$463,410$566,390$514,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,900
Property Tax -$384
Property Insurance -$87
HOA -$9
Property Management Fees -$99
CASH FLOW
$12

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.

$514,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$35,814

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
  • $2,557

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3504$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 7254 W Lone Cactus Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 3,053 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,053 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21672 N Geraldine Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 20690 N 70th Drive Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 1997
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 7017 W Melinda Lane Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
  • 7584 W Firebird Drive Glendale, AZ 5
    • 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kirby Beaver
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165173
Last Updated: 11/27/2020
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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