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4706 S 102nd Lane Tolleson, AZ 85353

3 Beds 3 Baths 1,900 sqft Built 2015

$349,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $184.16
  • 2 Days on Market
  • MLS # : 6203496
  • Updated Date : 03/06/2021 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

GORGEOUS single level 3 bed / 2.5 bath home in Tolleson, Arizona! This move in ready split floor plan has it all and PRIDE of ownership shows! The Chef's kitchen includes upgraded Maple cabinetry, drop in GAS stove w/ hood vent, built-in microwave and oven, dishwasher, and high end LG double drawer stainless steel Fridge! Beautifully placed tile throughout the living area! A master bedroom w/ a HUGE walk-in closet! Master bath w/ double sink vanity and sperate shower / tub! Celling fans! CUSTOM drapes! Front load washer & dryer! A FANTASTIC finished backyard that includes a MASSIVE extended patio with mature trees, shrubs and gravel! 3 Car Garage! Nearby restaurants, shopping, and I10 freeway! COME SEE THIS HOME TODAY!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Farmington Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Farmington Glen

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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,215
Property Tax -$244
Property Insurance -$64
HOA -$14
Property Management Fees -$99
CASH FLOW
-$166

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.

$349,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,481

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
  • $1,667

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5954$1,5955$1,795
$1,795
RENT COMPS ANALYSIS
  • 4706 S 102nd Lane Tolleson, AZ 1
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10031 W Parkway Drive Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 9916 W Marguerite Avenue Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 10344 W Trumbull Road Tolleson, AZ 4
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 9744 W Heber Road Tolleson, AZ 5
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
PROPERTY LISTING DETAILS
James Kramer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203496
Last Updated: 03/06/2021
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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