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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $169.02
- 3 Days on Market
- MLS # : 6193554
- Updated Date : 02/12/2021 at 19:58
CONSTRUCTION
- Beds : 4
- Floor Size : 1,862 sqft
- Baths : 2 full , 1 half
Listing Agent
Mena & Associates Realty
Listing Agent's Description
NO HOA!!! Spacious 4 bedroom home with ample room in and outside for all the family to enjoy. The family and dining area greet you as you come in, then enter into the open spaced kitchen, dining and family room....the space were most of your family memories will be created This property features, new carpet, laminate flooring, and neutral colors. The backyard is ready for your creativeness, children's play area, pool, barbecue, etc. if you don't need the 4th bedroom it may be converted back into a loft Ready for new buyers to call home.
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PRICE & RENT TRENDS
Neighborhood: Parque Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parque Verde
* 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 | -$1,093 |
| Property Tax | -$182 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
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.
$314,722
PROJECTED PRICE
$1,420
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.3% |
| 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
$89,151
LOAN DETAILS
$1,093
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,681 |
| Loan Amount | $236,042 |
5.33
YEARS SAVED
$17,381
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 -
$0.76
LIST RENT PER SQFT
-
$1,499
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
12417 N 127th Drive El Mirage, AZ 1
- 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,420
- $0.76
-
12702 W Corrine Drive El Mirage, AZ 2
- 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
12850 W Rosewood Drive El Mirage, AZ 3
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,475
- $0.80
-
12510 W Scotts Drive El Mirage, AZ 4
- 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
-
12441 W Rosewood Drive El Mirage, AZ 5
- 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.86
PROPERTY LISTING DETAILS
Mena & Associates Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193554
Last Updated: 02/12/2021
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.
