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

12209 W Kingman Street Tolleson, AZ 85353

6 Beds 3 Baths 2,643 sqft Built 2006

$349,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $132.39
  • 2 Days on Market
  • MLS # : 6163407
  • Updated Date : 11/21/2020 at 16:05
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,643 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Check out this fabulous home. Situated next to huge greenbelt with playground and sitting area. Great living space with great room style. Updated kitchen has decorator touches. Full bath downstairs and 2 bedrooms too. Huge master upstairs has plenty of room for a lounge area. Bedrooms are spacious. The backyard has sitting areas created for your enjoyment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantada Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k274k

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

Neighborhood: Cantada Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8081567

* 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
Country Place Elementary School Primary Regular 941 50 3
Country Place Elementary School Middle Regular 941 50 3
La Joya Community High School High Regular 2,051 84 1

Country Place Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

Country Place Elementary School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,291
Property Tax -$261
Property Insurance -$79
HOA -$55
Property Management Fees -$99
CASH FLOW
-$205

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.

$349,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.2%
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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,009

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
  • $1,700

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5453$1,6954$1,799
$1,799
RENT COMPS ANALYSIS
  • 12209 W Kingman Street Tolleson, AZ 1
    • 6 beds 3 baths ∙ 2,643 Sqft ∙ Built 2006 6 beds 3 baths ∙ 2,643 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 822 S 117th Drive Avondale, AZ 2
    • 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.65
    •  
  • 3417 S 121st Lane Tolleson, AZ 3
    • 5 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 11582 W Cocopah Street Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.62
    •  
PROPERTY LISTING DETAILS
Dorathey Duffield
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163407
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.

BESbswy