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12811 N 127th Drive El Mirage, AZ 85335

3 Beds 3 Baths 1,776 sqft Built 2001

INVESTimate

$249,900

List Price

$1,360

$1,224 - $1,496

Rent Est.

$278,139  ( +11.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $140.71
  • 4 Days on Market
  • MLS # : 6121465
  • Updated Date : 08/24/2020 at 13:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

No HOA !!! Beautiful 3 bedroom , 2.5 bath with great sized Loft upstairs. Spacious backyard great for enterntainment . Located near shopping centers , school and near highways. Showings starting 08/27/2020

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parque Verde

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k271k

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

Neighborhood: Parque Verde

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
Dysart Elementary School Primary Regular 1,072 51 4
Dysart Elementary School Middle Regular 1,072 51 4
Dysart High School High Regular 1,604 73 3

Dysart Elementary School

  • Education Level: Primary
  • # of students: 1,072
  • # of teachers: 51
4
GreatSchools Rating

Dysart Elementary School

  • Education Level: Middle
  • # of students: 1,072
  • # of teachers: 51
4
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$922
Property Tax -$144
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$133

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.

$249,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$32,332

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,360

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,363

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2993$1,3604$1,3755$1,475
$1,475
RENT COMPS ANALYSIS
  • 12811 N 127th Drive El Mirage, 3
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.77
    •  
  • 12702 W Corrine Drive El Mirage, 1
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 12825 W Sweetwater Avenue El Mirage, 2
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.80
    •  
  • 12421 W Pershing Street El Mirage, 4
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2002
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.77
    •  
  • 12850 W Rosewood Drive El Mirage, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Cindya Canales
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121465
Last Updated: 08/24/2020
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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