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9380 W Payson Road Tolleson, AZ 85353

3 Beds 3 Baths 1,761 sqft Built 2005

$275,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $156.16
  • 4 Days on Market
  • MLS # : 6177835
  • Updated Date : 01/09/2021 at 01:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

This home is PERFECT and we know you'll agree! Come see this impeccable home located in Tolleson, featuring an open floorplan with new interior paint, beautiful flooring and highly upgraded finishes throughout. In the kitchen you will find gorgeous white cabinets, a farmhouse sink, tile backsplash, an island with a breakfast bar, recessed lighting and stainless-steel appliances. The master bedroom is spacious and features its own bathroom with double sinks, a separate shower and tub and plenty of closet space. The backyard with a covered patio is low maintenance and perfect for entertaining. This home will not last, tour this home today, you will not be disappointed. As if the home isn't perfect enough all appliances are included!

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

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$955
Property Tax -$178
Property Insurance -$62
HOA -$18
Property Management Fees -$99
CASH FLOW
$249

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

$1,560

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$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 30% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$40,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5603$1,5754$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 9380 W Payson Road Tolleson, AZ 2
    • 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.89
    •  
  • 9349 W Miami Street Tolleson, AZ 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2005
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.87
    •  
  • 9715 W Kirby Avenue Tolleson, AZ 3
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 9201 W Elwood Street Tolleson, AZ 4
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2005
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 9387 W Cordes Road Tolleson, AZ 5
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Fabiola Martinez
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177835
Last Updated: 01/09/2021
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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