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9553 W Heber Road Tolleson, AZ 85353

4 Beds 2 Baths 1,728 sqft Built 2004

$300,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $173.61
  • 2 Days on Market
  • MLS # : 6183535
  • Updated Date : 01/30/2021 at 10:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Great opportunity to own a home with no neighbor behind or to the west of you! This 4 bedroom 2 bath home in Tolleson, sits next to a park with a walking path that spans the community. The view of the mountains is beautiful from your back patio through the view fencing. Open floor plan with the kitchen peninsula looking into the dining area and family room. The exterior was painted the first week of January. Please look past the boxes as they are in the process of packing!

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
Union Elementary School Primary Regular 26 1 NA
Tolleson Union High School High Regular 1,911 91 4

Union Elementary School

  • Education Level: Primary
  • # of students: 26
  • # of teachers: 1
NA
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,042
Property Tax -$194
Property Insurance -$61
HOA -$18
Property Management Fees -$99
CASH FLOW
-$34

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.

$300,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.46%

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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$14,702

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
  • $1,555

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4204$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 9553 W Heber Road Tolleson, AZ 1
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3421 S 95th Drive Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
  • 9349 W Miami Street Tolleson, AZ 3
    • 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 4
    • 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
    •  
  • 3402 S 96th Avenue Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Therese Steele
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183535
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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