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10104 W Luxton Lane Tolleson, AZ 85353

4 Beds 2 Baths 1,759 sqft Built 2010

$315,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $179.08
  • 4 Days on Market
  • MLS # : 6192688
  • Updated Date : 02/11/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

STOP, LOOK, & LISTEN! This is a Great 4 Bedroom 2 full Bath single level Home located in the fabulous highly sought after Farmington Glen Community in Tolleson. This Home is in excellent condition with a Great floor plan which includes a eat in kitchen, an island, pantry, breakfast bar with Stainless Steel Appliances! and Beautiful floor Tile too. The Master Bedroom has a large Walk-in closet with double vanity, a separate soaking tub and step in shower. There is Carpet in the Bedrooms. You won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Farmington Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Farmington Glen

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,094
Property Tax -$220
Property Insurance -$61
HOA -$13
Property Management Fees -$99
CASH FLOW
-$78

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.

$315,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5754$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 10104 W Luxton Lane Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10006 W Crown King Road Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 9715 W Kirby Avenue Tolleson, AZ 3
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 9916 W Marguerite Avenue Tolleson, AZ 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 10344 W Trumbull Road Tolleson, AZ 5
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Walter D. Pomales
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192688
Last Updated: 02/11/2021
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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