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

12820 W Mandalay Lane El Mirage, AZ 85335

4 Beds 2 Baths 1,534 sqft Built 2004

INVESTimate

$260,000

List Price

$1,220

$1,098 - $1,342

Rent Est.

$285,896  ( +9.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $169.49
  • 3 Days on Market
  • MLS # : 6121892
  • Updated Date : 08/24/2020 at 12:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Nice 4 bedroom/ 2 bath home in a GREAT subdivision. Cherry oak cabinets, 4th bedroom/den combo option, large patio/sidewalk extension. Schools, shopping, and many parks ALL NEARBY. Come see your new home 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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,098$1,342$1,220

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 $1,220
EXPENSES Loan Payment -$959
Property Tax -$152
Property Insurance -$57
HOA -$29
Property Management Fees -$99
CASH FLOW
-$76

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.

$260,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,277

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2504$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 12820 W Mandalay Lane El Mirage, 1
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12729 W Mandalay Lane El Mirage, 2
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.82
    •  
  • 14405 N Gil Balcome Lane Surprise, 3
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2000
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.82
    •  
  • 12737 W Ventura Street El Mirage, 4
    • 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
    •  
  • 12702 W Well Street El Mirage, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Chris Bowers
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121892
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.

BESbswy