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2137 W Wilson Avenue Coolidge, AZ 85128

5 Beds 3 Baths 2,288 sqft Built 2006

$259,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $113.59
  • 3 Days on Market
  • MLS # : 6184505
  • Updated Date : 01/22/2021 at 18:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,288 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this two story home in Heartland Coolidge! NEW A/C! This home has been refreshed with new interior paint (exterior paint to be completed upon HOA approval) and new flooring. The kitchen features ample cabinet and counter space and new stainless steel appliances. One bedroom and full bathroom on the main floor, great for guests. Additional bedrooms, two full bathrooms, the laundry, and a loft are located on the second floor. The primary bedroom has a full ensuite bathroom and a walk in closet. Fenced backyard with a covered patio and a park behind. Vacant and ready for viewing, come see!

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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$903
Property Tax -$148
Property Insurance -$72
HOA -$15
Property Management Fees -$99
CASH FLOW
$73

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.

$259,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.50%

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$21,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,4003$1,4004$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2137 W Wilson Avenue Coolidge, AZ 1
    • 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.57
    •  
  • 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
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
  • 2240 W Central Avenue Coolidge, AZ 3
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2006
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 831 S 9th Place Coolidge, AZ 4
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 2196 W Pinkley Avenue Coolidge, AZ 5
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184505
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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