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2604 S Wickenburg Road Tonopah, AZ 85354

3 Beds 2 Baths 1,744 sqft Built 2007

$259,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $149.03
  • 3 Days on Market
  • MLS # : 6170429
  • Updated Date : 12/11/2020 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Like New! Newly remodeled home on a large parcel of land. New light fixtures inside and outside, new fans, new smoke alarms, new carpet, and the home was just painted inside and out! Large open floor plan. Great Room has an entertainment niche for you large screen tv or entertainment center, Living Room area has access to a large patio. Formal Dining Room, Kitchen has lots of cabinet space, a pantry, and a breakfast bar. Master Bath has a beautiful bath with tiled double sink vanity. The master bedroom has a walk-in closet. Carpet in Great Room and Bedrooms, gorgeous tile in remainder of the home. Come and see, this won't last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85354

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k276k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85354

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7191567

* 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
Ruth Fisher Elementary School Primary Regular 680 36 4
Ruth Fisher Elementary School Middle Regular 680 36 4
Ruth Fisher Elementary School High Regular 680 36 4

Ruth Fisher Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 36
4
GreatSchools Rating

Ruth Fisher Elementary School

  • Education Level: Middle
  • # of students: 680
  • # of teachers: 36
4
GreatSchools Rating

Ruth Fisher Elementary School

  • Education Level: High
  • # of students: 680
  • # of teachers: 36
4
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$959
Property Tax -$67
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$66

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.

$259,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $959

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,120
$1,120
RENT COMPS ANALYSIS
  • 2604 S Wickenburg Road Tonopah, AZ 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.64
    •  
  • 33204 W Sunland Avenue Tonopah, AZ 1
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2001
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.55
    •  
PROPERTY LISTING DETAILS
Rebecca Strange-saavedra
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170429
Last Updated: 12/11/2020
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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