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1901 S 85th Avenue Tolleson, AZ 85353

4 Beds 2 Baths 1,785 sqft Built 2003

$285,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $159.66
  • 3 Days on Market
  • MLS # : 6156873
  • Updated Date : 11/07/2020 at 10:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,785 sqft
  • Baths : 2 full
Listing Agent

Homelife Ambassador Realty

Listing Agent's Description

Beautiful Home that is MOVE-IN READY with New Interior Paint!! This single story/split floor plan home offers 4 Bedrooms, 2 Bathrooms, Formal Dining & Living Rooms plus an Eat-In Kitchen adjacent to a spacious Family Room. Lots of space here & plenty of upgrades such as: Tile Flooring in all right places, Dual Vanities in Mstr, Ceiling Fans, Raised Panel Doors, Security System, Window Treatments and Sun Screens. Backyard features Flower Garden, Gazebo, Storage Shed & Covered Patio.. There's plenty of storage space in the Garage with Shelving & Overhead Storage along with Epoxy Floor & a Service Door. COME SEE THIS ONE!

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,052
Property Tax -$184
Property Insurance -$62
HOA -$7
Property Management Fees -$99
CASH FLOW
-$143

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.

$285,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.44%

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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,812

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
  • $1,334

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,4504$1,4955$1,535
$1,535
RENT COMPS ANALYSIS
  • 1901 S 85th Avenue Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1804 S 84th Drive Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    LEASED 03/09/18
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 8610 W Chickasaw Street Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 2022 S 85th Avenue Tolleson, AZ 4
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2002
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 8316 W Hamster Lane Tolleson, AZ 5
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jerry Cravens
Homelife Ambassador Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156873
Last Updated: 11/07/2020
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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