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5027 E La Mirada Way Phoenix, AZ 85044

3 Beds 2 Baths 1,849 sqft Built 1995

$395,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $213.63
  • 2 Days on Market
  • MLS # : 6148050
  • Updated Date : 11/07/2020 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Over 40k in OWNED Solar, 25k in triple pane windows, and a tankless water heater, oh the $$$ you'll save on utilities! This charming home offers an updated roof with a 50 year warranty on shingles, plus a newer AC Unit and a great corner lot. Upon entering the home, you'll love the formal dining room, vaulted ceilings, the spacious and open eat-in kitchen and living room that features a wood burning fireplace and tons of natural light. Lovely home home in a beautiful golf course community, terrific Phoenix location that's near great South Mountain hiking trails, freeway access and close to some of the finest dining and shopping centers in town! Don't miss the chance to call this lovely house your home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Ahwatukee Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,457
Property Tax -$281
Property Insurance -$63
HOA -$132
Property Management Fees -$99
CASH FLOW
-$123

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.

$395,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k$15k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,9003$1,9104$1,9285$1,995
$1,995
RENT COMPS ANALYSIS
  • 5027 E La Mirada Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.03
    •  
  • 9605 S 50th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1994
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.96
    •  
  • 9441 S 51st Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1993
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 9243 S 51st Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1993
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,928
    • $1.01
    •  
  • 4624 E Winston Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1983
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148050
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.

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