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1403 W Central Avenue Coolidge, AZ 85128

4 Beds 3 Baths 2,337 sqft Built 2006

$235,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $100.56
  • 3 Days on Market
  • MLS # : 6162314
  • Updated Date : 11/20/2020 at 17:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Wow...This won't last long.Best priced home for value.. Amazing opportunity to own a great home in Coolidge! Oversized loft is perfect for an entertainment area. Tile flooring in right places, large family room and bright dining custom paint thru out is the pride of owner This home is priced to sell and ready for a new owner, so schedule your private showing thru showing time today! All furniture conveys with the home.!!!

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
Heartland Ranch Elementary School Primary Regular 491 19 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

Heartland Ranch Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 19
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$867
Property Tax -$134
Property Insurance -$73
HOA -$15
Property Management Fees -$99
CASH FLOW
$3

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.

$235,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.51%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,933

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
  • $1,355

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 1403 W Central Avenue Coolidge, AZ 1
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1250 W Roosevelt Avenue Coolidge, AZ 2
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2005
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.53
    •  
  • 1043 W Kachina Drive Coolidge, AZ 3
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.51
    •  
  • 2249 W Pinkley Avenue Coolidge, AZ 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
  • 831 S 9th Place Coolidge, AZ 5
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
PROPERTY LISTING DETAILS
Bret Johnson
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162314
Last Updated: 11/20/2020
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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