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10021 W Albeniz Place Tolleson, AZ 85353

3 Beds 2 Baths 1,700 sqft Built 2007

$310,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $182.35
  • 1 Days on Market
  • MLS # : 6200406
  • Updated Date : 02/28/2021 at 03:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

Single Story, 3 bedroom, 2 bath, 2 car garage, Den, 9 FT Ceilings, Covered Patio, and Low 'E' Windows are included. Pool size yard. Upgraded flooring, Stone Veneer on Front of home. Home located across the street from park area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $90k302k

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

Neighborhood: Sunset Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8371567

* 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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,077
Property Tax -$216
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$134

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.

$310,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,547

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,5753$1,5954$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 10021 W Albeniz Place Tolleson, AZ 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.79
    •  
  • 9715 W Kirby Avenue Tolleson, AZ 2
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 9916 W Marguerite Avenue Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 10344 W Trumbull Road Tolleson, AZ 4
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 3110 S 100th Lane Tolleson, AZ 5
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2002
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jennifer G Quintana Medina
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200406
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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