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12417 N 127th Drive El Mirage, AZ 85335

4 Beds 3 Baths 1,862 sqft Built 2002

$314,722

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k271k

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

Neighborhood: Parque Verde

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
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
 

$283,250$346,194$314,722

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,151

INVESTMENT

$89,151

Down Payment
$78,681
Rehab Estimate
$5,750
Closing Costs
$4,721

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,093

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,681
Loan Amount $236,042
See What Happens When You Reinvest Cash Flow

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
$1,420
1$1,4202$1,4503$1,4754$1,4995$1,695
$1,695
RENT COMPS ANALYSIS
  • 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
Alejandra Mena
Mena & Associates Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193554
Last Updated: 02/12/2021
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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