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11453 N Pablo Street El Mirage, AZ 85335

4 Beds 3 Baths 1,383 sqft Built 2002

$270,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $195.23
  • 4 Days on Market
  • MLS # : 6195785
  • Updated Date : 02/19/2021 at 23:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,383 sqft
  • Baths : 2 full , 1 half
Listing Agent

Howe Realty

Listing Agent's Description

Great curb appeal for this lovely 4 bedroom, 2.5 bathroom, move-in ready, family home. This Charming and light filled home has a beautiful kitchen with crisp white & gray cabinetry, stylish backsplash, and a suite of stainless steel appliances that overlooks the dining space and living area so the home chef will always be a part of the action. The sliding glass doors & large windows throughout draws in an abundance of soft natural light. Spacious master bedroom with large closet and private bathroom with a walk in shower and sliding door to private patio. You can enjoy the Arizona weather in the private backyard playing a game with the kids in the water-saving turf or hang out in the added Arizona room with an additional A/C unit. Home features inside laundry, easy to clean tile flooring,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Mirage

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: El Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Dysart High School High Regular 1,604 73 3

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$938
Property Tax -$156
Property Insurance -$54
HOA -$12
Property Management Fees -$99
CASH FLOW
-$109

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.

$270,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,144

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1503$1,2004$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 11453 N Pablo Street El Mirage, AZ 2
    • 4 beds 3 baths ∙ 1,383 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,383 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.83
    •  
  • 11513 W Larkspur Road El Mirage, AZ 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2002
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.81
    •  
  • 12132 W Scotts Drive El Mirage, AZ 3
    • 4 beds 3 baths ∙ 1,385 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,385 Sqft ∙ Built 1999
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 11529 W Charter Oak Road El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2001
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 12951 N Pablo Street El Mirage, AZ 5
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brandon Howe
Howe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195785
Last Updated: 02/19/2021
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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