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1844 S 106th Lane Tolleson, AZ 85353

5 Beds 3 Baths 2,228 sqft Built 2003

$343,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.95
  • 3 Days on Market
  • MLS # : 6160315
  • Updated Date : 11/13/2020 at 15:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

Gorgeous two-story home on a cul-de-sac lot. This beautiful home features an RV gate and beautiful lush grass with mature trees out front. Your clients will love the position of the home on this cul-de-sac lot. This home features FIVE bedroom and 2.5 bath's and it is almost 2300 ft. The kitchen has a large pantry and lots of counter space. The upstairs features a large loft and an upstairs laundry room. Upstairs master bath features a large walk-in closet and private bath.

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
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
 

$308,700$377,300$343,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,266
Property Tax -$239
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$230

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.

$343,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$96,645

INVESTMENT

$96,645

Down Payment
$85,750
Rehab Estimate
$5,750
Closing Costs
$5,145

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,266

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,750
Loan Amount $257,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5103$1,5184$1,6495$1,745
$1,745
RENT COMPS ANALYSIS
  • 1844 S 106th Lane Tolleson, AZ 2
    • 5 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.68
    •  
  • 10764 W Davis Lane Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.70
    •  
  • 10221 W Whyman Avenue Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2010
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,518
    • $0.69
    •  
  • 10613 W Pima Street Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.74
    •  
  • 10528 W Pomo Street Tolleson, AZ 5
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.76
    •  
PROPERTY LISTING DETAILS
Beth Lindsay
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160315
Last Updated: 11/13/2020
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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