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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
$78,625
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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Rose Garden Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rose Garden Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6120387
Last Updated: 08/24/2020
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.
