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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $170.26
- 2 Days on Market
- MLS # : 6196967
- Updated Date : 02/20/2021 at 04:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,762 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Your new home is waiting for you! Come and see it now in Tolleson! This beautiful 3 bed, 2 bath residence boasts a charming facade with low maintenance front landscaping, a 2 car garage, and more! The elegant interior features cozy living areas along with a fabulous kitchen that could make a chef jealous, with its ample cabinetry w/ crown molding, pantry, granite countertops, and matching stainless steel appliances. Check out the stunning master bedroom, which offers a spacious walk-in closet and a private bath with a dual vanity ideal for couples! Finally, the lovely backyard includes a large grassy area and a covered patio where you can spend a relaxing summer evening! What are you waiting for? Schedule a showing 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 | $1,390 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$194 | |
| Property Insurance | -$62 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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
$1,390
PROJECTED RENT
0.46%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
5.08
YEARS SAVED
$15,380
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,568
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
9627 W Cordes Road Tolleson, AZ 1
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,390
- $0.79
-
9349 W Miami Street Tolleson, AZ 2
- 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
-
10006 W Crown King Road Tolleson, AZ 3
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,450
- $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
-
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
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196967
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
