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3218 S 122nd Lane Tolleson, AZ 85353

3 Beds 2 Baths 1,506 sqft Built 2007

$267,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $177.29
  • 6 Days on Market
  • MLS # : 6155475
  • Updated Date : 11/03/2020 at 10:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

BEAUTIFUL 3 Bedroom, 2 Bath home. Vaulted ceiling in your family room. Master Bathroom features separate shower and garden Tub, double vanity sinks. Master Bedroom has walk in closet and double doors to access backyard and patio from Master's Suite. Other rooms are good size. Kitchen offers plenty of cabinet storage. High ceilings. Backyard is waiting for you to come and make it your own!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantada Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k274k

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

Neighborhood: Cantada Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8081567

* 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
Country Place Elementary School Primary Regular 941 50 3
Country Place Elementary School Middle Regular 941 50 3
La Joya Community High School High Regular 2,051 84 1

Country Place Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

Country Place Elementary School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$240,300$293,700$267,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$985
Property Tax -$199
Property Insurance -$57
HOA -$55
Property Management Fees -$99
CASH FLOW
-$155

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.

$267,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,326

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
  • $1,378

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,3954$1,4755$1,675
$1,675
RENT COMPS ANALYSIS
  • 3218 S 122nd Lane Tolleson, AZ 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12417 W Yuma Street Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
  • 11749 W Chase Lane Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 11567 W Rio Vista Lane Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 2626 S 120th Drive Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2018
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
PROPERTY LISTING DETAILS
Rosangela Garcia
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155475
Last Updated: 11/03/2020
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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