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1813 S 83rd Drive Tolleson, AZ 85353

4 Beds 2 Baths 1,726 sqft Built 2002

$269,850

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $156.34
  • 2 Days on Market
  • MLS # : 6160729
  • Updated Date : 11/14/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This great family home offers 4 bedrooms & 2 full baths in 1726 SqFt with an open concept floor plan. The kitchen has oak cabinetry, granite countertops, glass tile backsplash, stainless appliances, walk-in pantry, and island with breakfast bar. Sliding doors lead out to the covered patio and grass backyard with block fencing and no backyard neighbors. The master bedroom has a private bath with dual sink vanity, separate tub & shower and walk-in closet. Other features include a 2 car garage, stone exterior elevation, crown molding, custom window casings and chair rail, and much more! Schedule your showing today!

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
Dos Rios Elementary School Primary Regular 1,021 41 2
Dos Rios Elementary School Middle Regular 1,021 41 2
Tolleson Union High School High Regular 1,911 91 4

Dos Rios Elementary School

  • Education Level: Primary
  • # of students: 1,021
  • # of teachers: 41
2
GreatSchools Rating

Dos Rios Elementary School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 41
2
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$242,865$296,835$269,850

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$996
Property Tax -$175
Property Insurance -$61
HOA -$60
Property Management Fees -$99
CASH FLOW
-$30

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.

$269,850

PROJECTED PRICE

$1,360

PROJECTED RENT

0.50%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,260

INVESTMENT

$77,260

Down Payment
$67,463
Rehab Estimate
$5,750
Closing Costs
$4,048

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,463
Loan Amount $202,388
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,3954$1,4505$1,570
$1,570
RENT COMPS ANALYSIS
  • 1813 S 83rd Drive Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.79
    •  
  • 8102 W Gibson Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 8913 W Hess Street Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 8610 W Chickasaw Street Tolleson, AZ 4
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 8319 W Whyman Avenue Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2001
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.97
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160729
Last Updated: 11/14/2020
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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