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3115 S 88th Lane Tolleson, AZ 85353

4 Beds 2 Baths 1,566 sqft Built 2012

INVESTimate

$260,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$273,286  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $166.03
  • 3 Days on Market
  • MLS # : 6122021
  • Updated Date : 08/25/2020 at 18:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Excellent 4 bedroom 2 bath home just minutes from Shopping centers and Public transportation.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$959
Property Tax -$168
Property Insurance -$58
HOA -$69
Property Management Fees -$99
CASH FLOW
$17

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.

$260,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3993$1,4004$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 3115 S 88th Lane Tolleson, 1
    • 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.87
    •  
  • 8352 W Crown King Road Tolleson, 2
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.87
    •  
  • 8516 W Riley Road Tolleson, 3
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 9140 W Williams Street Tolleson, 4
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2007
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 9201 W Elwood Street Tolleson, 5
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2005
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Javier Garcia
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122021
Last Updated: 08/25/2020
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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