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 2002
- Price/Sqft : $163.07
- 3 Days on Market
- MLS # : 6176144
- Updated Date : 01/01/2021 at 16:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,901 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Great curb appeal with low maintenance desert landscaping. Spacious open floor plan with plush carpeting and a formal dining room. The ewat-in kitchen has an ample amount of cabinets, black appliances, breakfast bar, and a walk-in pantry. Sizable bedrooms. The master has a full bath with a double vanity, and a walk-in closet. Interior laundry. The backyard has a covered patio and nice lawn area. Close to schools, shopping and dining.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$179 | |
| Property Insurance | -$64 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$41
|
||
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.
$310,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
5.08
YEARS SAVED
$18,758
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,478
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
12741 W Bloomfield Road El Mirage, AZ 3
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.76
-
12101 N 128th Drive El Mirage, AZ 1
- 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2001
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,375
- $0.75
-
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
![property image]()
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
12850 W Rosewood Drive El Mirage, AZ 4
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,475
- $0.80
-
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
![property image]()
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,499
- $0.75
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176144
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
