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1404 S 7th Street Coolidge, AZ 85128

3 Beds 2 Baths 1,492 sqft Built 2004

$189,000

List Price

$1,050

$945 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $126.68
  • 2 Days on Market
  • MLS # : 6184735
  • Updated Date : 01/22/2021 at 23:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Single level 3 bedroom 2 bath home in Landmark Ranch! Formal living space off the entry plus spacious great room open to dining area and kitchen. Kitchen offers plenty of cabinet space for storage, breakfast bar, and GAS range. The master bedroom has a full en suite bathroom with dual vanity and his & hers closets. Other bedrooms are spacious. Save money each month with SOLAR PANELS! This one won't last!

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
 

$170,100$207,900$189,000

PURCHASE PRICE

$945$1,155$1,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,050
EXPENSES Loan Payment -$656
Property Tax -$92
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$146

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.

$189,000

PROJECTED PRICE

$1,050

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$25,138

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,050

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,194

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,2003$1,2504$1,2955$1,295
$1,295
RENT COMPS ANALYSIS
  • 1404 S 7th Street Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.70
    •  
  • 1309 S 7th Street Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2004
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.80
    •  
  • 933 W Kachina Drive Coolidge, AZ 3
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2020
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 1050 W Kachina Drive Coolidge, AZ 4
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2019
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 1660 S Wooten Street Coolidge, AZ 5
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2020
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184735
Last Updated: 01/22/2021
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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