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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $182.72
- 2 Days on Market
- MLS # : 6197175
- Updated Date : 02/20/2021 at 22:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,806 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
A beautiful 4 bed 2 bath house near Grand Ave. an outdoor living room and Granite Kitchen. Also have access to Bell Rd. Schools and shopping centers near by. Very nice backyard for kids. Solar Energy for monthly savings. Solar lease is $81 monthly with a lot of savings every month. Go ahead and show won't last long.
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PRICE & RENT TRENDS
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Mirage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$193 | |
| Property Insurance | -$62 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$330,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
4.17
YEARS SAVED
$12,710
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/10/20- Rent
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- $1,395
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LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,495
- $0.79
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11614 W Boca Raton Road El Mirage, AZ 4
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2019
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,495
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14818 N Tonya Circle El Mirage, AZ 5
- 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2005
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197175
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
