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13201 N 127th Lane El Mirage, AZ 85335

3 Beds 2 Baths 1,615 sqft Built 2002

$265,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $164.09
  • 1 Days on Market
  • MLS # : 6165667
  • Updated Date : 11/28/2020 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Absolutely gorgeous 3 bedroom, 2 bathroom, den and a great room is now available for immediate sale! This home features a spacious kitchen with black appliances, eat-in kitchen and a large island. A great room which includes vaulted ceilings with 16x16 tile throughout. In addition, home has tile and wood in all the right places. Split Master bedroom with full bath that included double sinks and walk-in closet. Backyard includes spacious patio with lush green synthetic turf. Refrigerator, washer, dryer and built-in microwave all included with the home. Backs to park like area for extra privacy. NO HOME OWNER ASSOCIATION TO PAY. Energy saving solar panels reduce electric bills.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dysart Cactus

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Dysart Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691567

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$978
Property Tax -$153
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$8

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.

$265,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.6%
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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,2953$1,3254$1,3705$1,485
$1,485
RENT COMPS ANALYSIS
  • 13201 N 127th Lane El Mirage, AZ 1
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.79
    •  
  • 12706 W Ash Street El Mirage, AZ 2
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 12901 W Ash Street El Mirage, AZ 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2000
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
  • 12650 W Ash Street El Mirage, AZ 4
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.85
    •  
  • 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
Candace Bandin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165667
Last Updated: 11/28/2020
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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