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11526 W Scotts Drive El Mirage, AZ 85335

3 Beds 3 Baths 2,180 sqft Built 2001

$275,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $126.15
  • 3 Days on Market
  • MLS # : 6170138
  • Updated Date : 12/11/2020 at 01:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Just wait until you see this PERFECT move in ready home w/ a NEW roof as of 2019!! Not only does this home have the perfect bones, but she has the looks as well! Plus No HOA! Walk into an oversized great room. overlooked by the Kitchen with a large island, HUGE laundry room lined with shelving perfectly spaced to double as a giant walk in pantry! Plus, save THOUSANDS on Washer and Dryer to convey! Upstairs you are greeted with a loft, a superb extra large Master Suite big enough for a sitting area, your king size bed, & an extra long closest. This floorplan is coupled with two large guest bedrooms that truly takes such advantage of every square foot to maximize the space & make this home feel larger than it already is! Perfect location to WALK to school and the park! This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7551567

* 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
Riverview Elementary School Primary Regular 986 53 2
Riverview Elementary School Middle Regular 986 53 2
Dysart High School High Regular 1,604 73 3

Riverview Elementary School

  • Education Level: Primary
  • # of students: 986
  • # of teachers: 53
2
GreatSchools Rating

Riverview Elementary School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 53
2
GreatSchools Rating

Dysart High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,015
Property Tax -$145
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$202

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.

$275,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.8%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$42,444

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
  • $1,570

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2803$1,4504$1,4955$1,745
$1,745
RENT COMPS ANALYSIS
  • 11526 W Scotts Drive El Mirage, AZ 1
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11510 W Shaw Butte Drive El Mirage, AZ 2
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.70
    •  
  • 11549 W Columbine Drive El Mirage, AZ 3
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2001
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.75
    •  
  • 12329 N Pablo Street El Mirage, AZ 4
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2000
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 12852 N B Street El Mirage, AZ 5
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2000
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
PROPERTY LISTING DETAILS
Ryan Richardson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170138
Last Updated: 12/11/2020
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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