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12980 N B Street El Mirage, AZ 85335

2 Beds 1 Baths 1,208 sqft Built 2000

$220,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $182.12
  • 4 Days on Market
  • MLS # : 6155077
  • Updated Date : 11/05/2020 at 15:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,208 sqft
  • Baths : 1 full
Listing Agent

Padlab

Listing Agent's Description

Come check out this adorable home situated just steps to the neighborhood park! Seller just replaced the flooring throughout most of the home and repainted a beautiful gray color throughout. Located on a corner lot with very low maintenance landscaping and the storage shed out back stays. No HOA and recently installed solar panels too!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Arizona Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7551567

* 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
Riverview Elementary School Primary Regular 986 53 2
Riverview Elementary School Middle Regular 986 53 2
Dysart High School High Regular 1,604 73 3

Riverview Elementary School

  • Education Level: Primary
  • # of students: 986
  • # of teachers: 53
2
GreatSchools Rating

Riverview Elementary School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 53
2
GreatSchools Rating

Dysart High School

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

$198,000$242,000$220,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$812
Property Tax -$116
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$57

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.

$220,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $987

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$725
1$7252$8753$9254$1,020
$1,020
RENT COMPS ANALYSIS
  • 12980 N B Street El Mirage, AZ 4
    • 2 beds 1 baths ∙ 1,208 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,208 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.84
    •  
  • 12621 N 113th Avenue #3 Youngtown, AZ 1
    • 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980 2 beds 2 baths ∙ 992 Sqft ∙ Built 1980
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $725
    • $0.73
    •  
  • 12611 N 113th Avenue #20 Youngtown, AZ 2
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.88
    •  
  • 12637 N 113th Avenue #5 Youngtown, AZ 3
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.84
    •  
PROPERTY LISTING DETAILS
Thomas Kuhn
Padlab
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155077
Last Updated: 11/05/2020
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.

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