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1001 W Tonopah Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,326 sqft Built 1984

INVESTimate

$275,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$302,528  ( +10.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $207.39
  • 6 Days on Market
  • MLS # : 6120387
  • Updated Date : 08/24/2020 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This beautifully remodeled home is sure to go quickly. Great starter home or investment property. Kitchen opens to the great room & a large dining room. Light & bright w/ gorgeous granite counters & island accented with Summit Forest Private Reserve Wood at the breakfast bar. Stainless steel appliances including new refrigerator. Fresh paint inside/out, new tile, carpeting, ceiling fans & all NEW SOLARZONE SUNSHIELD BLUE GLASS WINDOWS & PATIO DOOR coming soon (lifetime warranty)! Huge lot w/ RV gate, new landscaping including gravel, plants, & beautiful accent pots. Custom-built kiva fireplace perfect for entertaining! Laundry room & shed include new wall mounted A/C for much more usability. Covered patio & shed have all new cool seal coating. Keyless entry & Ecobee SMART thermostat

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rose Garden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Rose Garden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7321567

* 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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,015
Property Tax -$165
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

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

4.92

YEARS SAVED

$15,955

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
  • $0.97

    LIST RENT PER SQFT
  • $1,412

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3953$1,3994$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 1001 W Tonopah Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.97
    •  
  • 1301 W Mohawk Lane Phoenix, 2
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1985
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 1621 W Wahalla Lane Phoenix, 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.06
    •  
  • 1708 W Behrend Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 1431 W Beaubien Drive Phoenix, 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1980
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shar Rundio
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120387
Last Updated: 08/24/2020
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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