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2153 W Roosevelt Avenue Coolidge, AZ 85128

3 Beds 2 Baths 1,311 sqft Built 2006

$185,000

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.11
  • 35 Days on Market
  • MLS # : 6183365
  • Updated Date : 03/10/2021 at 20:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Novus Realty Agency

Listing Agent's Description

Get the opportunity to be part of something new. This quaint one story home offers a cozy lifestyle. With play areas all around. This property is a must 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
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$643
Property Tax -$105
Property Insurance -$53
HOA -$15
Property Management Fees -$99
CASH FLOW
$145

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.

$185,000

PROJECTED PRICE

$1,060

PROJECTED RENT

0.57%

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$24,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,190

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,060
1$1,0602$1,2253$1,3004$1,3005$1,475
$1,475
RENT COMPS ANALYSIS
  • 2153 W Roosevelt Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.81
    •  
  • 2230 W Roosevelt Avenue Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2006
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.93
    •  
  • 1643 W Wilson Avenue Coolidge, AZ 3
    • 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 1414 W Hess Avenue Coolidge, AZ 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 1217 W Lincoln Avenue Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,633 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,633 Sqft ∙ Built 2005
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cristian Rivas
Novus Realty Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183365
Last Updated: 03/10/2021
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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