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2215 S 101st Drive Tolleson, AZ 85353

4 Beds 3 Baths 1,885 sqft Built 2010

$285,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $151.19
  • 3 Days on Market
  • MLS # : 6178776
  • Updated Date : 01/09/2021 at 06:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,885 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

What an amazing opportunity in desirable Tolleson! Elegant single property in a quiet and friendly neighborhood offers a Large Great Room with tile flooring throughout traffic areas, new paint inside and out** The impressive eat-in kitchen is equipped with ample cabinetry, dual sink, recessed lighting, and stainless steel appliances ready to be used*Master Bedroom features a walk-in closet and a bathroom with a large step-in shower, vanity sink and a private toilet room**Your home is complete Den/Formal sitting area at the front entry**3 secondary good size bedrooms**Nice Sized Backyard where you can relax under the covered Ramada for your morning coffee and you can enjoy cozy nights sitting around the fire pit**You won't want to miss this well cared for home!

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
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
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$990
Property Tax -$199
Property Insurance -$64
HOA -$18
Property Management Fees -$99
CASH FLOW
$251

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

$1,620

PROJECTED RENT

0.57%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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 30% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$41,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,6203$1,6494$1,6755$1,725
$1,725
RENT COMPS ANALYSIS
  • 2215 S 101st Drive Tolleson, AZ 2
    • 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.86
    •  
  • 10212 W Watkins Street Tolleson, AZ 1
    • 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2010
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 10039 W Hess Street Tolleson, AZ 3
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2007
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.88
    •  
  • 10027 W Whyman Avenue Tolleson, AZ 4
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2012
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 10205 W Whyman Avenue Tolleson, AZ 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2010
    property image
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
PROPERTY LISTING DETAILS
Susan Nevel
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178776
Last Updated: 01/09/2021
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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