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12820 W Mandalay Lane 
El Mirage, AZ
85335
4 Beds 2 Baths 1,534 sqft
Built 2004
INVESTimate
$260,000
List Price
$74,650
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PROPERTY INFO
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!
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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 | $1,220 |
| 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
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
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
-
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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121892
Last Updated: 08/24/2020
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.
