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4106 S 97th Avenue Tolleson, AZ 85353

4 Beds 3 Baths 2,273 sqft Built 2019

$379,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $167.14
  • 2 Days on Market
  • MLS # : 6170730
  • Updated Date : 12/12/2020 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,273 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Like a Model Home! Lovely Furnishings! This home is located within the highly desirable Sunset Farms community and is set within an exciting master plan that offers an unrivaled living experience with an array of family-oriented amenities. This Sage Model will inspire you to entertain with a living area that's Open and Bright and brings together the main spaces of the home. Additionally,off of the Grand Entryway is a generously sized living area that can easily be transformed into a Media Room, Game Room or Office Space for those working at home! Find endless ways to fill your days with tot lots, play structures, BBQ's Picnic tables, and multi-use trails that are interwoven throughout the community. Take a Tour Today! You will LOVE This Home! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $90k302k

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

Neighborhood: Sunset Farms

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
 

$341,910$417,890$379,900

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 -$1,402
Property Tax -$246
Property Insurance -$71
HOA -$78
Property Management Fees -$99
CASH FLOW
-$126

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$379,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$102,674

INVESTMENT

$102,674

Down Payment
$94,975
Rehab Estimate
$2,000
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$16,065

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
  • $1,642

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,5954$1,6005$1,649
$1,649
RENT COMPS ANALYSIS
  • 4106 S 97th Avenue Tolleson, AZ 1
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9359 W Williams Street Tolleson, AZ 2
    • 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 9938 W Raymond Street Tolleson, AZ 3
    • 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.65
    •  
  • 3410 S 95th Drive Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 10012 W Marguerite Avenue Tolleson, AZ 5
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2007
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
PROPERTY LISTING DETAILS
Beth Marie Lee
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170730
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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