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2828 S 88th Avenue Tolleson, AZ 85353

4 Beds 3 Baths 2,226 sqft Built 2012

$305,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $137.42
  • 2 Days on Market
  • MLS # : 6169979
  • Updated Date : 12/12/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,226 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Gorgeous highly upgraded, fresh new interior paint, 4 bedroom 2.5 bath, living room, family room and a den; 2 stories home with $20k plus in upgrades. Title flooring throughout living areas. Upgraded with ceiling fans, in all rooms. Beautiful kitchen with Stainless steel appliances, Wood blinds. full Master bath with a huge walking closet, beautiful full upgraded large back yard with basket ball court, professional water system and great maintenance plants in front and back yard, 2 professional storages with light fixtures. Please take a minute to come see this beautiful upgraded home in a desirable Tolleson area close to the freeway & many amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hurley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Hurley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8371567

* 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
Hurley Ranch Elementary School Primary Regular 976 41 2
Hurley Ranch Elementary School Middle Regular 976 41 2
Tolleson Union High School High Regular 1,911 91 4

Hurley Ranch Elementary School

  • Education Level: Primary
  • # of students: 976
  • # of teachers: 41
2
GreatSchools Rating

Hurley Ranch Elementary School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 41
2
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$275,310$336,490$305,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,129
Property Tax -$198
Property Insurance -$71
HOA -$69
Property Management Fees -$99
CASH FLOW
$205

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.

$305,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,814

INVESTMENT

$86,814

Down Payment
$76,475
Rehab Estimate
$5,750
Closing Costs
$4,589

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,475
Loan Amount $229,425
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$43,095

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
  • $1,625

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6504$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 2828 S 88th Avenue Tolleson, AZ 1
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8903 W Preston Lane Tolleson, AZ 2
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2005
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 8442 W Riley Road Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 8531 W Flavia Haven Tolleson, AZ 4
    • 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $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
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
PROPERTY LISTING DETAILS
Madel Silva
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169979
Last Updated: 12/12/2020
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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