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9735 W Kirby Avenue Tolleson, AZ 85353

4 Beds 3 Baths 2,874 sqft Built 2004

$355,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $123.52
  • 2 Days on Market
  • MLS # : 6190753
  • Updated Date : 02/06/2021 at 01:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,874 sqft
  • Baths : 3 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

This home features four bedrooms, three full bathrooms, a 2-car garage, and a RV gate. There is one bedroom on the first floor. There is a mountain view from the master bedroom, and no houses directly in front of this home. The following upgrades have been performed within the last five years: 5 new bathroom faucets, new dishwasher, new 8-camera security system, new security lighting, all new smoke detectors, new hot water heater, new shower valve cartridge in master bedroom, new storage shed, new laundry sink and faucet, new kitchen waste disposal, new irrigation control panel, new control valves, and new sprinkler heads. This home has 10 fruit trees, including lime, peach, apple, grapefruit, orange (2), pear, plum, fig, and pomegranate.

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,233
Property Tax -$230
Property Insurance -$83
HOA -$53
Property Management Fees -$99
CASH FLOW
-$148

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.

$355,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

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-$4.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,468

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
  • $1,847

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6603$1,7954$1,8505$1,899
$1,899
RENT COMPS ANALYSIS
  • 9735 W Kirby Avenue Tolleson, AZ 1
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8505 W Watkins Street Tolleson, AZ 2
    • 5 beds 4 baths ∙ 2,670 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,670 Sqft ∙ Built 2002
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.62
    •  
  • 1714 S 104th Drive Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.65
    •  
  • 9903 W Riverside Avenue Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 2822 S 95th Drive Tolleson, AZ 5
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2018
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.66
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190753
Last Updated: 02/06/2021
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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