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2215 S 99th Lane Tolleson, AZ 85353

3 Beds 3 Baths 2,376 sqft Built 2012

$329,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $138.85
  • 3 Days on Market
  • MLS # : 6209375
  • Updated Date : 03/20/2021 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Stop searching! This impressive two-story property sits on a large corner lot. Located near schools, restaurants, and shopping. Impeccable kitchen features granite counters, pendant & recessed lighting, pantry, breakfast bar, island, and lots of cabinet space Open concept interior offers everything you have been looking for in a home. Great for a family who likes to entertain. Master bedroom downstairs. Large loft upstairs, plush carpet upstairs, ceiling fans and generous size bedrooms. The backyard is a blank canvas for your future desert oasis. Home also includes RV gate. This home will sell fast! Move in ready condition!

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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,146
Property Tax -$230
Property Insurance -$74
HOA -$18
Property Management Fees -$99
CASH FLOW
-$46

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.

$329,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.46%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6493$1,6504$1,7455$1,859
$1,859
RENT COMPS ANALYSIS
  • 2215 S 99th Lane Tolleson, AZ 1
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.64
    •  
  • 10613 W Pima Street Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.74
    •  
  • 9345 W Cordes Road Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2006
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 10528 W Pomo Street Tolleson, AZ 4
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.76
    •  
  • 10143 W Hilton Avenue Tolleson, AZ 5
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,859
    • $0.77
    •  
PROPERTY LISTING DETAILS
Luisa Magana
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209375
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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