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10420 W Papago Street Tolleson, AZ 85353

4 Beds 3 Baths 2,000 sqft Built 2016

$330,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $165.00
  • 4 Days on Market
  • MLS # : 6198519
  • Updated Date : 02/28/2021 at 01:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Great opportunity to live in the fantastic Caballo Crossing at Tolleson in an easy to maintain 4 bed/ 3 bath 2000 sq ft Franklin model with single level living and OWNED SOLAR! Great curb appeal with low maintenance front yard and 2 car garage. Enjoy 9 ft ceilings and wider doorways for accessible, open and spacious living areas with dining room adjacent to the cherry kitchen and granite island. Owner suite enjoys its own bathtub and separate shower & a walk i n closet extra enough for a reading nook if you wanted. The backyard with covered patio is ready for your vision and design. Rescue One Heating and Air Preventative Maintenance Agreement transfers with this home and is good to 2025. Welcome home!

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,146
Property Tax -$230
Property Insurance -$66
HOA -$65
Property Management Fees -$99
CASH FLOW
-$107

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.

$330,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.45%

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4993$1,5004$1,6495$1,725
$1,725
RENT COMPS ANALYSIS
  • 10420 W Papago Street Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 10212 W Watkins Street Tolleson, AZ 1
    • 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 10798 W Del Rio Lane Avondale, AZ 2
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.82
    •  
  • 10039 W Hess Street Tolleson, AZ 4
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2007
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.88
    •  
  • 10205 W Whyman Avenue Tolleson, AZ 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2010
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
PROPERTY LISTING DETAILS
Tamarine Mullenaux
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198519
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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