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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Dysart Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dysart Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
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
-
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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165667
Last Updated: 11/28/2020
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.
