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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $170.01
- 4 Days on Market
- MLS # : 6178176
- Updated Date : 01/07/2021 at 22:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,764 sqft
- Baths : 2 full
Listing Agent
Phoenix Property Group
Listing Agent's Description
BEAUTIFUL 4 bedroom 2 bath corner lot home sits perfectly on a spacious lot. Enter the stunning home where you'll be greeted with an open floor plan, neutral paint, and tile throughout. The living room opens to the kitchen/dining area where you'll find plenty of room for entertaining. This single-story home has a split master bedroom with a walk in shower and double sinks. At the other end of the home, you'll find 3 additional bedrooms and a sizeable shared bathroom with tub/shower combo. Step out back to experience the gravel backyard with tons of potential. This home is in an ideal Tolleson location - close to great schools, dining, and shopping. Come view today!
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PRICE & RENT TRENDS
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$194 | |
| Property Insurance | -$62 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$136
|
||
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.
$299,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
7.67
YEARS SAVED
$29,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,517
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
8853 W Hilton Avenue Tolleson, AZ 5
- 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
9007 W Hess Street Tolleson, AZ 1
- 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.87
-
8913 W Hess Street Tolleson, AZ 2
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,395
- $0.87
-
8610 W Chickasaw Street Tolleson, AZ 3
- 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
9018 W Gibson Lane Tolleson, AZ 4
- 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
PROPERTY LISTING DETAILS
Phoenix Property Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178176
Last Updated: 01/07/2021
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.
