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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,484
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
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
R.o.i. Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182153
Last Updated: 01/24/2021
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.
