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12911 W Soledad Street El Mirage, AZ 85335

3 Beds 2 Baths 1,872 sqft Built 2001

$295,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $157.59
  • 1 Days on Market
  • MLS # : 6182153
  • Updated Date : 01/24/2021 at 00:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

R.o.i. Properties

Listing Agent's Description

Great open floor plan with 3 BD, 2 BA, single-story with a 2 car garage. Move in ready! Vaulted ceilings. NEW paint inside and outside. NEW carpet. Bright freshly updated kitchen with two islands and NEW stainless steel refrigerator! Split bedroom floor plan. Large master bedroom with spacious bath including separate toilet room and walk in closet. Large yard with concrete block wall. Lots of privacy on this interior subdivision corner lot. This one will go fast! Seller will review all offers on Monday 1-25-21 at Noon.

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
Luke Elementary School Primary Regular 691 38 3
Luke Elementary School Middle Regular 691 38 3
Dysart High School High Regular 1,604 73 3

Luke Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Luke Elementary School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Dysart High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,025
Property Tax -$170
Property Insurance -$64
HOA -$7
Property Management Fees -$99
CASH FLOW
$16

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.

$295,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.47%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,765

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
  • $1,484

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,4754$1,4755$1,485
$1,485
RENT COMPS ANALYSIS
  • 12911 W Soledad Street El Mirage, AZ 1
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12830 W Pershing Street El Mirage, AZ 2
    • 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 3
    • 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
    •  
  • 12918 W Soledad Street El Mirage, AZ 4
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2001
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.79
    •  
  • 13210 N 126th Avenue El Mirage, AZ 5
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2002
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kathleen Holmes
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182153
Last Updated: 01/24/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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