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2120 W Broadway Avenue Coolidge, AZ 85128

5 Beds 3 Baths 2,288 sqft Built 2006

$254,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $111.41
  • 2 Days on Market
  • MLS # : 6213106
  • Updated Date : 03/27/2021 at 01:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,288 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

The very definition of sophistication and style. This gorgeous home, nestled in the prestigious Heartland Ranch redefines what rural living is about. This special residence features 5 bedrooms / 3 baths with a large loft on an open floor plan. Stroll outside to the beautiful backyard and enjoy your own personal paradise, mature fruit trees, and relax while the family enjoys some golf time. Schedule your appointment today and see it for yourself before it's gone.

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
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$885
Property Tax -$145
Property Insurance -$72
HOA -$45
Property Management Fees -$99
CASH FLOW
$44

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.

$254,900

PROJECTED PRICE

$1,290

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$200k$400k$600k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,4003$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2120 W Broadway Avenue Coolidge, AZ 1
    • 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.56
    •  
  • 2249 W Pinkley Avenue Coolidge, AZ 2
    • 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
    •  
  • 2089 W Central Avenue Coolidge, AZ 3
    • 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    property image
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 2196 W Pinkley Avenue Coolidge, AZ 4
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 2161 W Wilson Avenue Coolidge, AZ 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
    property image
    LEASED 03/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
PROPERTY LISTING DETAILS
Eduardo Villalobos
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213106
Last Updated: 03/27/2021
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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