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8524 W Kingman Street Tolleson, AZ 85353

4 Beds 3 Baths 2,228 sqft Built 2006

$290,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $130.16
  • 5 Days on Market
  • MLS # : 6153397
  • Updated Date : 10/30/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Gorgeous home on a corner lot! Beautiful 20'' tile flooring in all the right areas, neutral 2-tone paint and more! Popular floor plan features open family room, breakfast room, 4th bedroom on first level, HUGE bonus room/loft and 3 bathrooms. Amazing chefs kitchen features high grade granite counters, breakfast bar, SS appliances and raised wood panel cabinetry. Huge second level loft, perfect for entertaining! Master bedroom suite features double door entrance, huge walk-in closet and spa like bath w/dual vanity! Covered patio overlooks backyard and grassy play area. This home is a must see!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Volterra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Volterra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8271567

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,070
Property Tax -$188
Property Insurance -$71
HOA -$18
Property Management Fees -$99
CASH FLOW
$45

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.

$290,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$24,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5754$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 8524 W Kingman Street Tolleson, AZ 1
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.67
    •  
  • 8434 W Riley Road Tolleson, AZ 2
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2005
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 2618 S Devonna Lane Tolleson, AZ 3
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.73
    •  
  • 8531 W Flavia Haven Tolleson, AZ 4
    • 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 8804 W Preston Lane Tolleson, AZ 5
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
PROPERTY LISTING DETAILS
Rodolfo Flores
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153397
Last Updated: 10/30/2020
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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