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209 N 21st Street Coolidge, AZ 85128

3 Beds 2 Baths 1,311 sqft Built 2007

$169,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.91
  • 6 Days on Market
  • MLS # : 6173933
  • Updated Date : 12/22/2020 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Rox Realty

Listing Agent's Description

Clean and move in ready home in Heartland! This 3 bd 2 ba home features a lovely covered patio and no neighbors behind! Such a great deal for this well maintained 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
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$624
Property Tax -$96
Property Insurance -$53
HOA -$15
Property Management Fees -$99
CASH FLOW
$294

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.

$169,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.70%

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$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$43,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,193

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1803$1,2254$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 209 N 21st Street Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.90
    •  
  • 1727 W Wilson Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,103 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.91
    •  
  • 2230 W Roosevelt Avenue Coolidge, AZ 3
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.93
    •  
  • 1643 W Wilson Avenue Coolidge, AZ 4
    • 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 1414 W Hess Avenue Coolidge, AZ 5
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kelly G Herrington
Coldwell Banker Rox Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173933
Last Updated: 12/22/2020
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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