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4310 S 97th Avenue Tolleson, AZ 85353

4 Beds 2 Baths 1,800 sqft Built 2019

$365,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $202.78
  • 3 Days on Market
  • MLS # : 6161422
  • Updated Date : 11/20/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Practically a new home in sought after Sunset Farms! Charming great room floor plan with four bedrooms and two bathrooms. Light and bright eat in kitchen with stainless steel appliances and a pantry. Spacious backyard with a sparkling pool, covered patio and artificial grass. Low maintenance desert landscaping in front.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,347
Property Tax -$236
Property Insurance -$62
HOA -$78
Property Management Fees -$99
CASH FLOW
-$152

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.

$365,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.46%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,725

INVESTMENT

$98,725

Down Payment
$91,250
Rehab Estimate
$2,000
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4503$1,5754$1,6505$1,670
$1,670
RENT COMPS ANALYSIS
  • 4310 S 97th Avenue Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.93
    •  
  • 9349 W Miami Street Tolleson, AZ 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2005
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.87
    •  
  • 10006 W Crown King Road Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 9715 W Kirby Avenue Tolleson, AZ 3
    • 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
    •  
  • 3402 S 96th Avenue Tolleson, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Dana Bentley Black
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161422
Last Updated: 11/20/2020
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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