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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $163.93
- 2 Days on Market
- MLS # : 6160530
- Updated Date : 11/14/2020 at 13:26
CONSTRUCTION
- Beds : 4
- Floor Size : 1,946 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
PERFECT! Beauty AND value! This stunning Rancho El Mirage home is GORGEOUS! New Paint in and out in 2019, New AC in 2020, Pullout kitchen shelving, upgraded tile, and elegant cabinetry. Do you love plantation shutters? You'll find them here! Office built-ins make a wonderful dedicated workspace. The previous head of construction once to lived here and put in a spacious MAN CAVE - aka attached workshop. You'll have no neighbors in front, just desert landscape. Spend evenings in your private and beautifully appointed back yard with citrus, a newer Tuff Shed, and a bit of green space. Use pull down stairs in garage to access attic storage area. Ductwork fully cleaned in 2020. All of this on a huge lot, and it is cute, well maintained and spotless! Come see today!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$187 | |
| Property Insurance | -$65 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$319,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.0% |
| 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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
4.42
YEARS SAVED
$16,209
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,571
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
12805 W Evans Drive El Mirage, AZ 1
- 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,460
- $0.75
-
12702 W Boca Raton Road El Mirage, AZ 2
- 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2002
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,475
- $0.76
-
13168 W Mauna Loa Lane Surprise, AZ 3
- 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1999
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
13250 W Port Royale Lane Surprise, AZ 4
- 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2000
LEASED 05/16/20- Rent
- Rent Per SQFT
- $1,595
- $0.81
-
13123 W Gelding Circle Surprise, AZ 5
- 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2000
LEASED 12/24/19- Rent
- Rent Per SQFT
- $1,685
- $0.87
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160530
Last Updated: 11/14/2020
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.
