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10424 W Magnolia Street Tolleson, AZ 85353

5 Beds 2 Baths 2,048 sqft Built 2007

$298,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $145.51
  • 3 Days on Market
  • MLS # : 6163288
  • Updated Date : 11/21/2020 at 19:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,048 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Fantastic opportunity to own this 5bed/2bathCharming single story home, Huge and bright eat in kitchen, with great room floor plan, nice sized bedrooms, MB with separate tub and shower and bay windows. Personalize your space with that 5th huge bedroom. Very convenient location, steps from parks, walking trails, schools and easy access to shopping, dining and so much more. Do not miss out on this gem. See it today and make it yours!

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
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
 

$268,200$327,800$298,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,099
Property Tax -$208
Property Insurance -$67
HOA -$18
Property Management Fees -$99
CASH FLOW
-$111

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.

$298,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.46%

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-$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$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3893$1,3954$1,4955$1,518
$1,518
RENT COMPS ANALYSIS
  • 10424 W Magnolia Street Tolleson, AZ 1
    • 5 beds 2 baths ∙ 2,048 Sqft ∙ Built 2007 5 beds 2 baths ∙ 2,048 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.67
    •  
  • 10201 W Cordes Road Tolleson, AZ 2
    • 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2003
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,389
    • $0.68
    •  
  • 10212 W Watkins Street Tolleson, AZ 3
    • 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 10138 W Cordes Road Tolleson, AZ 4
    • 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2003
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 10221 W Whyman Avenue Tolleson, AZ 5
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2010
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,518
    • $0.69
    •  
PROPERTY LISTING DETAILS
Luz Gamez
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163288
Last Updated: 11/21/2020
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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