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12131 W Rosewood Drive El Mirage, AZ 85335

2 Beds 2 Baths 956 sqft Built 2000

$249,000

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $260.46
  • 3 Days on Market
  • MLS # : 6199382
  • Updated Date : 02/26/2021 at 02:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 956 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Great opportunity to own a house in Sundial subdivision in El Mirage. 2 Bedrooms 2-Bathrooms *OWNED SOLAR SYSTEM* Exterior painted 2019. Low HOA. Close to shopping and dining. Interior painted and new tile flooring was installed throughout in 2018.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundial

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $70k271k

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

Neighborhood: Sundial

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7191567

* 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$865
Property Tax -$146
Property Insurance -$46
HOA -$10
Property Management Fees -$99
CASH FLOW
-$215

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.

$249,000

PROJECTED PRICE

$950

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,044

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
  • $750

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7253$925
$925
RENT COMPS ANALYSIS
  • 12131 W Rosewood Drive El Mirage, AZ 1
    • 2 beds 2 baths ∙ 956 Sqft ∙ Built 2000 2 beds 2 baths ∙ 956 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12621 N 113th Avenue #3 Youngtown, AZ 2
    • 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $725
    • $0.73
    •  
  • 12637 N 113th Avenue #5 Youngtown, AZ 3
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tesoro Sitze
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199382
Last Updated: 02/26/2021
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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