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8329 W Cocopah Street Tolleson, AZ 85353

4 Beds 3 Baths 2,279 sqft Built 2002

$310,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $136.02
  • 2 Days on Market
  • MLS # : 6168028
  • Updated Date : 12/04/2020 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,279 sqft
  • Baths : 3 full
Listing Agent

My Home Group

Listing Agent's Description

Wow! Beautiful home - like new! Brand new tile and carpet, new exterior and interior paint, new light fixtures, new granite, new backsplash, painted cabinets. Full bedroom and bath downstairs, 3 generous sized bedrooms upstairs including master suite with vanity in master bath. Highly desirable neighborhood.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,144
Property Tax -$200
Property Insurance -$72
HOA -$17
Property Management Fees -$99
CASH FLOW
-$142

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.

$310,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4753$1,5254$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 8329 W Cocopah Street Tolleson, AZ 1
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.61
    •  
  • 8337 W Gross Avenue Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2002
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.60
    •  
  • 8420 W Hughes Drive Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 8341 W Hughes Drive Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
  • 8151 W Hilton Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
PROPERTY LISTING DETAILS
Benjamin Arredondo
My Home Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168028
Last Updated: 12/04/2020
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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