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11818 W Larkspur Road El Mirage, AZ 85335

4 Beds 2 Baths 1,518 sqft Built 1999

$262,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $172.60
  • 2 Days on Market
  • MLS # : 6212670
  • Updated Date : 03/27/2021 at 14:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

Weichert, Realtors - Peak Performance

Listing Agent's Description

Fabulous 4 bed, 2 bath property now for sale in El Mirage! Charming curb appeal with low maintenance front landscaping and a 2 car garage. Interior boasts a spacious living area with soft carpet, a built-in entertainment niche, and neutral paint throughout. Modern eat-in kitchen is equipped with ample cabinetry, a pantry, and high-end matching stainless steel appliances. Beautiful master bedroom includes a full bath and walk-in closet for all your belongings. Inviting backyard features a covered patio, grassy area, and a fire pit perfect for a warm summer night! Your new home is waiting for you. Schedule a showing today!

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
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
 

$235,800$288,200$262,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$910
Property Tax -$138
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$34

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.

$262,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.45%

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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,180

INVESTMENT

$75,180

Down Payment
$65,500
Rehab Estimate
$5,750
Closing Costs
$3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$13,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,207

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,3003$1,3004$1,3505$1,360
$1,360
RENT COMPS ANALYSIS
  • 11818 W Larkspur Road El Mirage, AZ 1
    • 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.77
    •  
  • 12951 N Pablo Street El Mirage, AZ 2
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 11503 W Windrose Drive El Mirage, AZ 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Heather Cano
Weichert, Realtors - Peak Performance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212670
Last Updated: 03/27/2021
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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