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8314 W Cocopah Street Tolleson, AZ 85353

4 Beds 3 Baths 2,279 sqft Built 2001

INVESTimate

$323,999

List Price

$1,410

$1,269 - $1,551

Rent Est.

$354,455  ( +9.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $142.17
  • 5 Days on Market
  • MLS # : 6121239
  • Updated Date : 08/22/2020 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,279 sqft
  • Baths : 3 full
Listing Agent

Emg Real Estate

Listing Agent's Description

This is IT. You have found your Home Sweet Home! This property has it all. 4 spacious bedrooms and 3 baths. The master suite has a large living/bedding area and a bath with garden tub, separate shower, vanity with double sinks, private toilet room, & walk in shower. All the bedrooms have ceiling fans. Your NEW kitchen has marble counter tops, island with breakfast bar, contemporary cabinets, & a pantry. Some of the other great features include wood-like tile flooring, separate living & family rooms, an open floor plan, and neutral color paint. Both the front & back yards have easy to maintain landscaping and the rear yard has covered patio, balcony overlooking the yard, swimming pool, and tons of room to relax or entertain. Only minutes from the I-10 and the newly opened south 202

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Dos Rios Elementary School Primary Regular 1,021 41 2
Dos Rios Elementary School Middle Regular 1,021 41 2
Tolleson Union High School High Regular 1,911 91 4

Dos Rios Elementary School

  • Education Level: Primary
  • # of students: 1,021
  • # of teachers: 41
2
GreatSchools Rating

Dos Rios Elementary School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 41
2
GreatSchools Rating

Tolleson Union High School

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

$291,599$356,399$323,999

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,195
Property Tax -$210
Property Insurance -$72
HOA -$65
Property Management Fees -$99
CASH FLOW
-$231

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.

$323,999

PROJECTED PRICE

$1,410

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,000
Loan Amount $242,999
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,573

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4953$1,5254$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 8314 W Cocopah Street Tolleson, 1
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.62
    •  
  • 1514 S 80th Lane Phoenix, 2
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2004
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.68
    •  
  • 8420 W Hughes Drive Tolleson, 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 8341 W Hughes Drive Tolleson, 4
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
  • 8151 W Hilton Avenue Phoenix, 5
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jovanne E Barragan
Emg Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121239
Last Updated: 08/22/2020
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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