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1714 W Roosevelt Avenue Coolidge, AZ 85128

4 Beds 2 Baths 1,903 sqft Built 2005

$254,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $133.47
  • 5 Days on Market
  • MLS # : 6166745
  • Updated Date : 12/02/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Well taken care of and upgraded home in Heartland Ranch! Master bedroom downstairs with hardwood flooring, updated kitchen with newer countertops and new appliances. Loft/great room upstairs also has hardwood flooring. New light fixtures and smoke detectors throughout the home. Carpet, tile, interior and exterior painting was completed in 2014. New PVC irrigation lines in the front yard. Fully landscaped backyard with custom back wall. Hot tub, fire pits, and patio set will stay with the home. Come schedule your showing 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
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
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$937
Property Tax -$144
Property Insurance -$64
HOA -$15
Property Management Fees -$99
CASH FLOW
$80

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.

$254,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$73,060

INVESTMENT

$73,060

Down Payment
$63,500
Rehab Estimate
$5,750
Closing Costs
$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,500
Loan Amount $190,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$26,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3004$1,3405$1,400
$1,400
RENT COMPS ANALYSIS
  • 1714 W Roosevelt Avenue Coolidge, AZ 4
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.70
    •  
  • 1627 W Central Avenue Coolidge, AZ 1
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2006
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.63
    •  
  • 335 S 16th Street Coolidge, AZ 2
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.68
    •  
  • 278 S 13th Place Coolidge, AZ 3
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2007
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.73
    •  
  • 202 S 16th Street Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jason Mitchell
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166745
Last Updated: 12/02/2020
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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