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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $141.23
- 3 Days on Market
- MLS # : 6163126
- Updated Date : 11/20/2020 at 17:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,018 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome home! This beautiful home is move in ready.Spacious 4 bedroom, 2.5 bathroom, with a loft; located on corner lot. Master bedroom is located on the lower level, which features custom tile, open concept, easy care kitchen, half guest bathroom. Plenty of room to design your own oasis in the backyard. Best part - NO HOA | SOLAR is owned not leased!
SEE MORE
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 | $1,380 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$165 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$285,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
5.58
YEARS SAVED
$20,558
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
-
$1,514
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
12522 W Rosewood Drive El Mirage, AZ 1
- 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12214 W Flores Drive El Mirage, AZ 2
- 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2000
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,335
- $0.73
-
12221 W Aster Drive El Mirage, AZ 3
- 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
-
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
-
12341 W Corrine Drive El Mirage, AZ 5
- 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,500
- $0.76
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163126
Last Updated: 11/20/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
