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1229 W Pinkley Avenue Coolidge, AZ 85128

5 Beds 3 Baths 3,133 sqft Built 2005

$265,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $84.58
  • 2 Days on Market
  • MLS # : 6174584
  • Updated Date : 12/26/2020 at 09:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,133 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully updated Pulte home on corner Homesite adjacent to a greenbelt! Featuring 5 bedrooms with 3 full bathrooms and both living and family rooms with an upstairs loft for a second entertainment area. Guest suite downstairs with a full bath. Perfect option for parents or guests to have their own privacy. This home has new carpet throughout, New luxury vinyl flooring, new interior paint, granite countertops and stainless steel appliances. It also has a 3 car garage, large downstairs laundry and a full 40' wide covered patio. This home is a must see! Please schedule a visit today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85128

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85128

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6591567

* 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
West Elementary School Primary Regular 605 26 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

West Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 26
1
GreatSchools Rating

Hohokam Middle School

  • Education Level: Middle
  • # of students: 281
  • # of teachers: 13
2
GreatSchools Rating

Coolidge High School

  • Education Level: High
  • # of students: 611
  • # of teachers: 33
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$978
Property Tax -$151
Property Insurance -$88
HOA -$12
Property Management Fees -$99
CASH FLOW
$142

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.

$265,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$33,872

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
  • $1,431

    COMP ESTIMATED VALUE
  • $0.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$1,6504$1,785
$1,785
RENT COMPS ANALYSIS
  • 1229 W Pinkley Avenue Coolidge, AZ 1
    • 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 232 W Elm Avenue Coolidge, AZ 2
    • 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.27
    •  
  • 1273 W Pinkley Avenue Coolidge, AZ 3
    • 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 2005
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.53
    •  
  • 1245 W Central Avenue Coolidge, AZ 4
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.57
    •  
PROPERTY LISTING DETAILS
Thomas Halverson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174584
Last Updated: 12/26/2020
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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