Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10128 W Marguerite Avenue Tolleson, AZ 85353

6 Beds 4 Baths 2,992 sqft Built 2015

$299,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $99.93
  • 3 Days on Market
  • MLS # : 6175497
  • Updated Date : 01/09/2021 at 16:02
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,992 sqft
  • Baths : 4 full
Listing Agent

R.o.i. Properties

Listing Agent's Description

Welcome home to this great Richmond American two story! There is a good size formal living area and six - Count them - SIX!!! - spacious bedrooms including one bedroom and a full bathroom downstairs. The big family room is adjacent to an open concept gourmet kitchen with island, solid surface countertops, gas cooktop, double ovens, walk-in pantry, and plenty of cabinets. The rear yard is a blank canvas for that creative landscaping you have always wanted.

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
Tres Rios Elementary School Primary Regular 990 50 3
Tres Rios Elementary School Middle Regular 990 50 3
La Joya Community High School High Regular 2,051 84 1

Tres Rios Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 50
3
GreatSchools Rating

Tres Rios Elementary School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,039
Property Tax -$238
Property Insurance -$85
HOA -$14
Property Management Fees -$99
CASH FLOW
$405

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.

$299,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.63%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$56,722

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
  • $1,765

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,700
$1,700
RENT COMPS ANALYSIS
  • 10128 W Marguerite Avenue Tolleson, AZ 1
    • 6 beds 4 baths ∙ 2,992 Sqft ∙ Built 2015 6 beds 4 baths ∙ 2,992 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3417 S 96th Drive Tolleson, AZ 2
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.59
    •  
PROPERTY LISTING DETAILS
Beth Jo Zeitzer
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175497
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy