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12874 W Rosewood Drive El Mirage, AZ 85335

3 Beds 2 Baths 1,901 sqft Built 2002

$350,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $184.11
  • 4 Days on Market
  • MLS # : 6176603
  • Updated Date : 01/10/2021 at 02:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,901 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This ''SMART'' home will exceed your definition of luxury, beginning when you open the iron front door. One of a kind, custom remodel in El Mirage w/pool & stunning back yard hardscape & unmatched interior. Interior decorator touches with tile, millwork & lighting make the interior of the home both homey and luxurious. The kitchen is a chef's delight w/oversized island, Wolf gas stove, wine refrigerator, plus the stainless dishwasher. Stunning matching lights above the island and the formal dining room create a striking balance of beauty and function. The Great Room features a large open space, highlighted by more custom lighted cabinets & an entertainment center. An office w/built in desk & cabinets are highlighted by the additional wainscoting & paneled ceiling

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Mirage

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: 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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,216
Property Tax -$202
Property Insurance -$64
HOA -$5
Property Management Fees -$99
CASH FLOW
-$36

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.

$350,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,478

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,4754$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 12874 W Rosewood Drive El Mirage, AZ 5
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
  • 12101 N 128th Drive El Mirage, AZ 1
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 12702 W Corrine Drive El Mirage, AZ 2
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2001
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 12830 W Pershing Street El Mirage, AZ 3
    • 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2002
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.75
    •  
  • 12850 W Rosewood Drive El Mirage, AZ 4
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.80
    •  
PROPERTY LISTING DETAILS
Richard Nichols
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176603
Last Updated: 01/10/2021
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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