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8922 W Hilton Avenue Tolleson, AZ 85353

3 Beds 3 Baths 2,120 sqft Built 2004

$289,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $136.75
  • 2 Days on Market
  • MLS # : 6157564
  • Updated Date : 11/07/2020 at 18:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,120 sqft
  • Baths : 2 full , 1 half
Listing Agent

Occasio Realty

Listing Agent's Description

Come Check out this beautiful and spacious two story home. Open spaced layout with travertine floor. Upstairs you will find a huge loft with a modern appeal. Salt water pool. (The only house with a pool in the block) Newly painted interior and kitchen cabinets. Upgraded master and hall bathrooms. New vinyl and laminate flooring in the second floor. Garage has new epoxy flooring. Pictures do not do it justice, come check it out, it won't last long!

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,070
Property Tax -$187
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
-$22

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.

$289,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.49%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4853$1,4854$1,4995$1,520
$1,520
RENT COMPS ANALYSIS
  • 8922 W Hilton Avenue Tolleson, AZ 1
    • 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.67
    •  
  • 2510 S 90th Lane Tolleson, AZ 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.73
    •  
  • 2502 S 90th Glen Tolleson, AZ 3
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.73
    •  
  • 2416 S 90th Lane Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.74
    •  
  • 9007 W Magnolia Street Tolleson, AZ 5
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2005
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.75
    •  
PROPERTY LISTING DETAILS
Yessica Jasmin Arellano Correa
Occasio Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157564
Last Updated: 11/07/2020
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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