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12406 W Larkspur Road El Mirage, AZ 85335

5 Beds 2 Baths 1,978 sqft Built 2001

$295,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $149.14
  • 3 Days on Market
  • MLS # : 6209708
  • Updated Date : 03/20/2021 at 18:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful home in El Mirage! Located in a desirable community, this is the home you've been searching for!! This home has low maintenance landscaping, plantation shutters throughout the home, dual pane windows, New AC unit in 2014, and beautiful French doors leading to the backyard to the covered patio. The kitchen features a walk in pantry and stainless steel refrigerator and the open concept layout offers a bright and sizable living space. The master suite is located on the first floor along with a full bath. This home is located just minutes from Westgate Entertainment District shopping, dining, and entertainment and has convenient access to major freeways. The time to buy is now! Come see this remarkable home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buenavida

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Buenavida

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7431567

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,025
Property Tax -$170
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$50

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.

$295,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.48%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4003$1,4104$1,4755$1,499
$1,499
RENT COMPS ANALYSIS
  • 12406 W Larkspur Road El Mirage, AZ 3
    • 5 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001 5 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.71
    •  
  • 11909 W Aster Drive El Mirage, AZ 1
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.74
    •  
  • 12221 W Aster Drive El Mirage, AZ 2
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 12702 W Boca Raton Road El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2002
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.76
    •  
  • 12510 W Scotts Drive El Mirage, AZ 5
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2001
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.75
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209708
Last Updated: 03/20/2021
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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