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12750 W Boca Raton Road 
El Mirage, AZ
85335
4 Beds 2 Baths 1,722 sqft
Built 2002
INVESTimate
$275,000
List Price
$78,625
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $159.70
- 3 Days on Market
- MLS # : 6122047
- Updated Date : 08/25/2020 at 20:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,722 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Great opportunity to own this lovely home in Rancho El Mirage Community! Inside you will find formal living room, 4 bed, 2 bath, vaulted ceilings, and cozy family room off to kitchen. Gorgeous kitchen offers cabinetry space, track lighting, high-end appliances, and center island w/breakfast bar. Enchanting master suite comes with walk-in closet and a full bath. Backyard is ready for your gatherings with its built-in BBQ, covered patio, large outdoor bar, green grass, and pristine pool built 2yrs ago! Hurry to schedule your showing!
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PRICE & RENT TRENDS
Neighborhood: Rancho El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$161 | |
| Property Insurance | -$61 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
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.
$275,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.5
YEARS SAVED
$18,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
12750 W Boca Raton Road El Mirage, 4
- 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,350
- $0.78
-
12737 W Ventura Street El Mirage, 1
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.81
-
12706 W Ash Street El Mirage, 2
- 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,295
- $0.83
-
12702 W Well Street El Mirage, 3
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2002
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
12650 W Ash Street El Mirage, 5
- 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,370
- $0.85
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122047
Last Updated: 08/25/2020
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.
