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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $205.50
- 3 Days on Market
- MLS # : 6190301
- Updated Date : 02/06/2021 at 20:04
CONSTRUCTION
- Beds : 4
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this vacant and move-in ready home in a brand new Sunset Farms community! This home offers an open floorplan with NewWood tile flooring in the main areas and carpet in the bedrooms. One bedroom and the laundry just off the foyer. The hallway bathroom has doors on both sides to be accessed from both hallways. The kitchen features Quartz countertops, stainless steel appliances, and a walk in pantry. The primary bedroom has an ensuite bathroom with dual sinks, a huge walk in shower, separate water closet, and a nice sized walk in closet. The backyard has a covered patio, fenced pool, and an artificial grass area. Come see!
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PRICE & RENT TRENDS
Neighborhood: Sunset Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$239 | |
| Property Insurance | -$62 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$123
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$369,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
3.67
YEARS SAVED
$12,144
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,638
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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9715 W Kirby Avenue Tolleson, AZ 1
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LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,595
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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
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-
9429 W Riverside Avenue Tolleson, AZ 5
- 5 beds 3 baths ∙ 1,950 Sqft ∙ Built 2005 5 beds 3 baths ∙ 1,950 Sqft ∙ Built 2005
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,700
- $0.87
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190301
Last Updated: 02/06/2021
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.
