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10520 W Pomo Street Tolleson, AZ 85353

4 Beds 3 Baths 3,110 sqft Built 2004

$400,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $128.62
  • 3 Days on Market
  • MLS # : 6187558
  • Updated Date : 01/30/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Great curb appeal for this 4 bed, 3 bath with a 3 car garage. Formal living & dining. Vaulted ceilings. Carpet & tile in all the right places. Open floor plan for the kitchen, dining, and family room, makes a perfect entertaining space! The eat-in kitchen has espresso cabinets, Ss appliances, island with breakfast bar, and a pantry. Powder room downstairs. The loft makes for a nice office area. Generous sized bedrooms. The large primary bedrooms has a sitting area, full bath, and a walk-in closet. The backyard is ready for you to add your personal touches! brand New Water Heater & Roof. Security System. Surround Sound. Close to schools, shopping, 10 minutes to the State Farm Stadium. Make this your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Estrella Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8291567

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,389
Property Tax -$279
Property Insurance -$88
HOA -$65
Property Management Fees -$99
CASH FLOW
-$200

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.

$400,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,478

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
  • $2,076

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8954$1,8995$2,200
$2,200
RENT COMPS ANALYSIS
  • 10520 W Pomo Street Tolleson, AZ 1
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9903 W Riverside Avenue Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 11237 W Davis Lane Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 2822 S 95th Drive Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.66
    •  
  • 11876 W Sherman Street Avondale, AZ 5
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
PROPERTY LISTING DETAILS
Arrie Jean Harry
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187558
Last Updated: 01/30/2021
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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