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10106 W Payson Road Tolleson, AZ 85353

3 Beds 2 Baths 1,598 sqft Built 2003

$274,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $172.03
  • 2 Days on Market
  • MLS # : 6174587
  • Updated Date : 12/26/2020 at 12:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,598 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

What a fabulously updated home that includes new stainless steel appliances, new kitchen quartz like countertops, and white cabinets with new hardware! The floors have been replaced in almost all rooms throughout the house with laminate wood, and the bedrooms have brand new carpet. New contemporary ceiling fans have been installed throughout. The entire interior has just been freshly painted. The floorplan is split with a large living area. The lot is oversized and includes an RV gate and fruit trees, as well as pavers and a built in BBQ. The location is second to none in booming Tolleson! There is a bonus room that is not included in the square footage. It is located within close proximity to restaurants and shopping. See this house today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Country Place Elementary School Primary Regular 941 50 3
Country Place Elementary School Middle Regular 941 50 3
La Joya Community High School High Regular 2,051 84 1

Country Place Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

Country Place Elementary School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$247,410$302,390$274,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,014
Property Tax -$192
Property Insurance -$58
HOA -$18
Property Management Fees -$99
CASH FLOW
$49

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.

$274,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,4003$1,4304$1,4505$1,699
$1,699
RENT COMPS ANALYSIS
  • 10106 W Payson Road Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.89
    •  
  • 3013 S 101st Lane Tolleson, AZ 1
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2005
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.82
    •  
  • 10011 W Payson Road Tolleson, AZ 2
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2006
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 10006 W Crown King Road Tolleson, AZ 4
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 10052 W Preston Lane Tolleson, AZ 5
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2007
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.97
    •  
PROPERTY LISTING DETAILS
Laney K Brandt
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174587
Last Updated: 12/26/2020
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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