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12805 W Evans Drive El Mirage, AZ 85335

4 Beds 2 Baths 1,946 sqft Built 2001

$319,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho El Mirage

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Rancho El Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Surprise Elementary School Primary Regular 901 53 4
Surprise Elementary School Middle Regular 901 53 4
Valley Vista High School High Regular 2,457 101 4

Surprise Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 53
4
GreatSchools Rating

Surprise Elementary School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 53
4
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

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
$1,460
1$1,4602$1,4753$1,5504$1,5955$1,685
$1,685
RENT COMPS ANALYSIS
  • 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
Victoria Lisa Love
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160530
Last Updated: 11/14/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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