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12113 N Pablo Street El Mirage, AZ 85335

4 Beds 2 Baths 1,832 sqft Built 2002

$310,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $169.21
  • 2 Days on Market
  • MLS # : 6154827
  • Updated Date : 11/07/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,832 sqft
  • Baths : 2 full
Listing Agent

Epic Home Realty

Listing Agent's Description

Stunning home in desired community! This home has been upgraded from floor to ceiling. You won't find anything else like it! Everything is new or like new - New 14 SEER AC (2018), newer RHEEM water heater. New windows and blinds, doors and hinges, kitchen cabinets have been resurfaced, interior and exterior paint, smart home with WIFI controlled lights, garage, security, drip system. Kitchen has quartz counters, RO system, new stove with convection, new microwave, upgraded backsplash, and under cabinet lighting. Outside will really amaze you - extended patio with speakers, 7 person jacuzzi, travertine pavers, fire pit with seating, 10x18 shed on a slab has electricity and an exhaust fan. This home is turnkey and has been meticulously cared for. See docs tab for a a full list of upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Mirage

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: El Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Luke Elementary School Primary Regular 691 38 3
Luke Elementary School Middle Regular 691 38 3
Dysart High School High Regular 1,604 73 3

Luke Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Luke Elementary School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,144
Property Tax -$179
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$95

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.

$310,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,167

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
  • $1,392

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3004$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 12113 N Pablo Street El Mirage, AZ 1
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11702 W Poinsettia Drive El Mirage, AZ 2
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.71
    •  
  • 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
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 11622 N Olive Street El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 11549 W Columbine Drive El Mirage, AZ 5
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2001
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.75
    •  
PROPERTY LISTING DETAILS
Carolyn Pulos-huerta
Epic Home Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154827
Last Updated: 11/07/2020
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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