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9357 W Cordes Road Tolleson, AZ 85353

4 Beds 3 Baths 2,166 sqft Built 2006

INVESTimate

$275,000

List Price

$1,570

$1,413 - $1,727

Rent Est.

$300,850  ( +9.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $126.96
  • 4 Days on Market
  • MLS # : 6121703
  • Updated Date : 08/23/2020 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

THIS IS A WONDERFUL 4bdrm 2.5bath home located in Countryside Place in Tolleson. Home offers a spacious family room perfect for entertainment. Large kitchen features a big island in the middle with granite counter tops and stainless steel appliances. An open concept where the kitchen opens us to a second living room. Upstairs you will find all 4 bedrooms including the master bedroom featuring a private bathroom with a separate tub and shower combo, the walk in closet, double sinks and private toilet room. Backyard perfect for entertaining. THis home is a MUST SEE.

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
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
 

$247,500$302,500$275,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,015
Property Tax -$178
Property Insurance -$69
HOA -$45
Property Management Fees -$99
CASH FLOW
$164

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.

$275,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$36,527

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
  • $1,565

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4954$1,6005$1,629
$1,629
RENT COMPS ANALYSIS
  • 9357 W Cordes Road Tolleson, 1
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9392 W Cordes Road Tolleson, 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2005
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 3318 S 93rd Avenue Tolleson, 3
    • 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 3410 S 95th Drive Tolleson, 4
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2004
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 9413 W Payson Road Tolleson, 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2007
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,629
    • $0.75
    •  
PROPERTY LISTING DETAILS
Radojka Lala Smith
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121703
Last Updated: 08/23/2020
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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