Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12504 N B Street El Mirage, AZ 85335

2 Beds 1 Baths 964 sqft Built 2000

$230,000

List Price

$880

$792 - $968

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $238.59
  • 3 Days on Market
  • MLS # : 6193497
  • Updated Date : 02/13/2021 at 17:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 964 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Updated 2 Bedroom, 1 Bath Home with Two Car Garage. Gourmet Kitchen, Stainless Steel Appliances, Epoxy Countertops, Custom Tile Backsplash and comes with Refrigerator. Kitchen leads out to Great Room with Tile Floors and Patio Door to Patio and Backyard. Large Master Bedroom has New Carpet. Tile, New Fans/Lights and New Paint Throughout the Home. New Exterior Paint and Landscaped front of the Home. Easy access to the Highway, Shopping, Parks and Award-Winning Dysart School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7551567

* 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$792$968$880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $880
EXPENSES Loan Payment -$799
Property Tax -$121
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$185

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.

$230,000

PROJECTED PRICE

$880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.8%
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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $880

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $757

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$725
1$7252$8803$925
$925
RENT COMPS ANALYSIS
  • 12504 N B Street El Mirage, AZ 2
    • 2 beds 1 baths ∙ 964 Sqft ∙ Built 2000 2 beds 1 baths ∙ 964 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $880
    • $0.91
    •  
  • 12621 N 113th Avenue #3 Youngtown, AZ 1
    • 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980
    property image
    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
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.84
    •  
PROPERTY LISTING DETAILS
Stewart White
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193497
Last Updated: 02/13/2021
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.

BESbswy