Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13405 N 127th Drive El Mirage, AZ 85335

4 Beds 3 Baths 1,691 sqft Built 2001

$244,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $144.83
  • 2 Days on Market
  • MLS # : 6157720
  • Updated Date : 11/07/2020 at 23:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,691 sqft
  • Baths : 2 full , 1 half
Listing Agent

Great Way Real Estate

Listing Agent's Description

Beautiful turn key home located directly in front of a neighborhood park. This 4 bedroom 2.5 Bath home has an open kitchen with a large amount of countertop space and walk in pantry. Upgraded tile flooring throughout house, Vaulted ceilings and a brand new air conditioner as of 2020. LARGE bedrooms throughout home. spacious backyard with grass and trees creating shaded areas for family get togethers. Home wont last long! *HAS SOLAR*

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
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$904
Property Tax -$141
Property Insurance -$60
HOA -$7
Property Management Fees -$99
CASH FLOW
$119

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.

$244,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$30,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,2953$1,2994$1,3305$1,370
$1,370
RENT COMPS ANALYSIS
  • 13405 N 127th Drive El Mirage, AZ 4
    • 4 beds 3 baths ∙ 1,691 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,691 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.79
    •  
  • 12601 W Pershing Street El Mirage, AZ 1
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2001
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.82
    •  
  • 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
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 12825 W Sweetwater Avenue El Mirage, AZ 3
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.80
    •  
  • 12650 W Ash Street El Mirage, AZ 5
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 2003
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.85
    •  
PROPERTY LISTING DETAILS
Garrett Sidler
Great Way Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157720
Last Updated: 11/07/2020
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.

BESbswy