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13713 N 129th Drive El Mirage, AZ 85335

3 Beds 3 Baths 1,691 sqft Built 2002

$275,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $162.63
  • 3 Days on Market
  • MLS # : 6159978
  • Updated Date : 11/14/2020 at 15:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Model Sharp! Check the pictures out,your going to love this property! Popular floor plan just the right size with 3 bedrooms and a loft or office or den or game room or nursery or what ever you need a 4th bedroom for except its very open ! Fresh paint in and out ! larger tile in all the right places! New carpet! Window coverings throughout! Ceiling Fans! Wired for surround sound with speakers! Soft water and R/O Water ! Crown molding and new hardware on the cabinets! Breakfast Bar! Pantry! upgraded Stainless steel appliances! Shower doors in both bathrooms! walk in closets in two of the bedrooms! Coated garage floor! double garage with auto opener! Newer A/C! Covered Patio! Mister system! New sun screens! Dual pane windows! Large beautiful green grass back yard!!! Security screen doors!

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,015
Property Tax -$159
Property Insurance -$60
HOA -$7
Property Management Fees -$99
CASH FLOW
-$19

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.

$275,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.48%

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$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3204$1,3255$1,370
$1,370
RENT COMPS ANALYSIS
  • 13713 N 129th Drive El Mirage, AZ 3
    • 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.78
    •  
  • 12706 W Ash Street El Mirage, AZ 1
    • 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
    •  
  • 12822 W Via Camille Road El Mirage, AZ 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 12901 W Ash Street El Mirage, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mounty West
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159978
Last Updated: 11/14/2020
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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