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11526 W Windrose Avenue El Mirage, AZ 85335

3 Beds 2 Baths 1,756 sqft Built 2002

$255,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $145.22
  • 4 Days on Market
  • MLS # : 6159214
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Beautiful home with a refreshing pool, low-maintenance landscaping, no neighbors behind, and priced to sell! New roof was completed in 2019 and the pool features a new motor installed in 2020. The home also has no HOA! Come check out this gem.

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$941
Property Tax -$134
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$45

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.

$255,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2803$1,3004$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 11526 W Windrose Avenue El Mirage, AZ 2
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.73
    •  
  • 11529 W Charter Oak Road El Mirage, AZ 1
    • 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 3
    • 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
    •  
  • 11503 W Windrose Drive El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 11786 W Windrose Avenue El Mirage, AZ 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2000
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Felipe Reyes
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159214
Last Updated: 11/13/2020
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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