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8609 W Magnolia Street Tolleson, AZ 85353

3 Beds 2 Baths 2,207 sqft Built 2003

$340,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $154.06
  • 3 Days on Market
  • MLS # : 6176225
  • Updated Date : 01/01/2021 at 20:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,207 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

PRICE & RENT TRENDS

Neighborhood: Ryland at Heritage Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ryland at Heritage Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7991567

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,254
Property Tax -$220
Property Insurance -$70
HOA -$17
Property Management Fees -$99
CASH FLOW
-$90

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.

$340,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,187

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
  • $1,606

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,5504$1,5755$1,700
$1,700
RENT COMPS ANALYSIS
  • 8609 W Magnolia Street Tolleson, AZ 1
    • 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8420 W Hughes Drive Tolleson, AZ 2
    • 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
    •  
  • 8903 W Preston Lane Tolleson, AZ 3
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2005
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 2618 S Devonna Lane Tolleson, AZ 4
    • 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
    •  
  • 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
Vanessa Palma
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176225
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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