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10350 W Magnolia Street Tolleson, AZ 85353

5 Beds 3 Baths 2,865 sqft Built 2007

$368,888

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.76
  • 2 Days on Market
  • MLS # : 6194098
  • Updated Date : 02/13/2021 at 18:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,865 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

A large home on a huge corner lot, this is a largest home in this community. Corian counter top, soft water loop, walk in closets double sinks in master bathroom, With aRV gate and pave parking, there still room for a pool. Walk in pantry, separate shower and tub. prewired security system and surround sound this home is new renovated with new vinyl flooring, new paint in and out, newer SS. appliances. big patio, close to school, shopping and park.

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
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
 

$331,999$405,777$368,888

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,281
Property Tax -$258
Property Insurance -$83
HOA -$18
Property Management Fees -$99
CASH FLOW
-$98

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.

$368,888

PROJECTED PRICE

$1,640

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,505

INVESTMENT

$103,505

Down Payment
$92,222
Rehab Estimate
$5,750
Closing Costs
$5,533

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,281

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,222
Loan Amount $276,666
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,533

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
  • $1,862

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7994$1,8505$1,899
$1,899
RENT COMPS ANALYSIS
  • 10350 W Magnolia Street Tolleson, AZ 1
    • 5 beds 3 baths ∙ 2,865 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,865 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1714 S 104th Drive Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.65
    •  
  • 10512 W Magnolia Street Tolleson, AZ 3
    • 5 beds 3 baths ∙ 2,763 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,763 Sqft ∙ Built 2003
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.65
    •  
  • 9903 W Riverside Avenue Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 2822 S 95th Drive Tolleson, AZ 5
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.66
    •  
PROPERTY LISTING DETAILS
Brian Lau
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194098
Last Updated: 02/13/2021
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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