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3624 S 94th Lane Tolleson, AZ 85353

4 Beds 2 Baths 1,765 sqft Built 2006

$300,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $169.97
  • 2 Days on Market
  • MLS # : 6198046
  • Updated Date : 02/27/2021 at 17:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Your new home is waiting for you! This 4 bed, 2 bathrooms single level home is the one that you have been looking for. A split floor plan that offers a low maintenance front yard, 2 car garage with no neighbors at the back. Step inside to find a cozy family room perfect for entertainment and a large kitchen equipped with maple cabinets, pantry and an island that opens to the dining area making this home very spacious. The master bedroom features a full bath with glass step-in shower, garden tub and a walk-in closet for your belongings. Out the back, you have a covered patio where you can enjoy relaxing afternoons with tons of potential to customize and make it yours. What are you waiting for? Call now as this opportunity won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tivoli

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Tivoli

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
Union Elementary School Primary Regular 26 1 NA
Tolleson Union High School High Regular 1,911 91 4

Union Elementary School

  • Education Level: Primary
  • # of students: 26
  • # of teachers: 1
NA
GreatSchools Rating

Tolleson Union High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,042
Property Tax -$194
Property Insurance -$62
HOA -$14
Property Management Fees -$99
CASH FLOW
$269

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.

$300,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.3%
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$0.0$5.0k$10k$15k$20k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$44,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6504$1,6805$1,750
$1,750
RENT COMPS ANALYSIS
  • 3624 S 94th Lane Tolleson, AZ 4
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 9715 W Kirby Avenue Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 9201 W Elwood Street Tolleson, AZ 2
    • 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
    •  
  • 3402 S 96th Avenue Tolleson, AZ 3
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 3317 S 95th Drive Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Beatris Gutierrez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198046
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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