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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $160.44
- 3 Days on Market
- MLS # : 6187285
- Updated Date : 01/29/2021 at 17:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,275 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome home! This beautiful single level POOL home maintained by the original owner ,is located on an oversized cul-de-sac lot! Enter in through the double front doors and into your living room dining room combination straight back to the family room you'll notice the soaring vaulted ceiling's and the gourmet chefs kitchen! The gorgeous kitchen features beautiful granite countertops upgraded 42 inch cabinetry stainless steel appliances and custom lighting. The open concept TV room boasts a beautiful stone fireplace and overlooks the backyard oasis. This single level floorplan features split bedrooms with the main bedroom off of the TV room and all of the secondary bedrooms on the other side of the house. The backyard is an entertainer's dream with lush mature landscaping beautiful pool
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PRICE & RENT TRENDS
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$236 | |
| Property Insurance | -$72 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$284
|
||
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.
$365,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
1.58
YEARS SAVED
$3,347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
1908 S 85th Lane Tolleson, AZ 1
- 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,450
- $0.64
-
8420 W Hughes Drive Tolleson, AZ 2
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,525
- $0.70
-
2618 S Devonna Lane Tolleson, AZ 3
- 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,575
- $0.73
-
8151 W Hilton Avenue Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.70
-
8804 W Preston Lane Tolleson, AZ 5
- 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,700
- $0.72
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187285
Last Updated: 01/29/2021
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.
