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1202 E Milada Drive Phoenix, AZ 85042

5 Beds 3 Baths 3,079 sqft Built 2004

$330,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $107.18
  • 2 Days on Market
  • MLS # : 6193896
  • Updated Date : 02/13/2021 at 18:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,079 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

NICE HOME WITH SPARKING POOL- PRICED BELOW MARKET! Neutral colors and new carpet located in a gated community. Has a huge master bedroom with walk-in closet downstairs, 4 bedrooms and big bonus/game room upstairs. Upgraded maple cabinets, silestone counter top, stainless steel appliances and plenty of counter space at the island in the open floor plan kitchen. Large pantry has lots of storage available. Tiles installed throughout downstairs and new carpet upstairs. Easy maintenance landscaping in a large private backyard along a gorgeous sparking pebble surface lighted POOL with waterfall. Located on the corner lot with an incredible great front views of South Mountain and night view of city lights in the back.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobbins Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Dobbins Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8861567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,146
Property Tax -$248
Property Insurance -$87
HOA -$110
Property Management Fees -$99
CASH FLOW
$340

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$330,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$52,050

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
  • $2,237

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7993$1,8954$2,995
$2,995
RENT COMPS ANALYSIS
  • 1202 E Milada Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,079 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,079 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 526 E Milada Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2003
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.54
    •  
  • 1807 E Valencia Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2004
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.64
    •  
  • 1129 E La Mirada Drive Phoenix, AZ 4
    • 5 beds 4 baths ∙ 2,985 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,985 Sqft ∙ Built 2020
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.00
    •  
PROPERTY LISTING DETAILS
Leonard Clementi
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193896
Last Updated: 02/13/2021
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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