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11798 W Windrose Avenue El Mirage, AZ 85335

3 Beds 2 Baths 1,756 sqft Built 2000

$245,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $139.52
  • 6 Days on Market
  • MLS # : 6177238
  • Updated Date : 01/06/2021 at 00:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This impressive, single level home available in desirable El Mirage, is perfect inside and out with NO HOA. Offering everything you have been looking for in a home including a Brand New HVAC, exterior paint and newer flooring. Starting with a welcoming interior providing 3 roomy bedrooms, 2 bathrooms, carpet in all the right places, living and dining area, neutral color palette, and so much more. Practice your cooking skills in this impeccable eat-in kitchen complete with a walk-in pantry, plenty cabinet and counter space, track and fluorescent lighting, and sparkling clean appliances. Take a look at this large master bedroom including a generous walk-in closet and a spotless bathroom. Enjoy relaxing afternoons in this perfectly sized backyard with fire-pit and so much privacy.

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$851
Property Tax -$129
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$290

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.

$245,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.58%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$43,667

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
  • $1,365

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3605$1,400
$1,400
RENT COMPS ANALYSIS
  • 11798 W Windrose Avenue El Mirage, AZ 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11503 W Windrose Drive El Mirage, AZ 2
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 11786 W Windrose Avenue El Mirage, AZ 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2000
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 11909 W Aster Drive El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.74
    •  
  • 12026 W Aster Drive El Mirage, AZ 5
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Julie Calza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177238
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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