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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $164.43
- 2 Days on Market
- MLS # : 6159398
- Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,642 sqft
- Baths : 2 full
Listing Agent
Liv Az Realty
Listing Agent's Description
Beautiful family home in desired neighborhood. Great curb appeal with easy maintained landscape and new exterior paint. Meticulously kept, interior offers an open floor plan with custom paint and newer beautiful tile flooring. Split floor plan with bedrooms separated from master. Features include dual pane windows, vaulted ceilings, and built in entertainment center. Master suite offers large walk in closet, dual vanity in bathroom, as well as shower/tub. Well maintained landscaped backyard perfect for entertainment. Home shows pride of ownership by original owners. Don't miss your opportunity to own this lovely home. Won't last long!
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PRICE & RENT TRENDS
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$158 | |
| Property Insurance | -$59 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$100
|
||
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
$1,420
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
7.5
YEARS SAVED
$30,004
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,420
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
12009 W Caribbean Lane El Mirage, AZ 3
- 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,420
- $0.86
-
14815 N Tonya Circle El Mirage, AZ 1
- 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005
LEASED 12/08/19- Rent
- Rent Per SQFT
- $1,325
- $0.81
-
11846 W Port Royale Lane El Mirage, AZ 2
- 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2006
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.85
-
15224 N El Frio Court El Mirage, AZ 4
- 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2006
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,425
- $0.89
-
12032 W Caribbean Lane El Mirage, AZ 5
- 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
PROPERTY LISTING DETAILS
Liv Az Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159398
Last Updated: 11/14/2020
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.
