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3422 S 121st Lane Tolleson, AZ 85353

4 Beds 2 Baths 1,967 sqft Built 2007

$345,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $175.39
  • 2 Days on Market
  • MLS # : 6118610
  • Updated Date : 11/02/2020 at 12:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,967 sqft
  • Baths : 2 full
Listing Agent

Perfect Choice Real Estate

Listing Agent's Description

Beautiful home with backyard pool oasis. Many upgrades including cabinetry, surround sounds, ceiling fans through out. House is well taken care by the home owner and tenants. ***Home will be vacant and available for showing starting this Saturday 11/ 07. Please use showing time or contact listing agent. ARMLS lock box***

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
 

$310,500$379,500$345,000

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 -$1,273
Property Tax -$258
Property Insurance -$66
HOA -$55
Property Management Fees -$99
CASH FLOW
-$230

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.

$345,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.44%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,299

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
  • $1,588

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,5495$1,595
$1,595
RENT COMPS ANALYSIS
  • 3422 S 121st Lane Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11388 W Mountain View Drive Avondale, AZ 2
    • 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 2106 S 114th Lane Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 11795 W Apache Street Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.79
    •  
  • 12171 W Chase Lane Avondale, AZ 5
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dung Duc Nguyen
Perfect Choice Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118610
Last Updated: 11/02/2020
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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