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2157 W Wilson Avenue Coolidge, AZ 85128

3 Beds 2 Baths 1,688 sqft Built 2006

$205,000

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $121.45
  • 6 Days on Market
  • MLS # : 6210906
  • Updated Date : 03/25/2021 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Adorable 3 bedroom 2 bath home that is perfect for the first time home buyer, small family, winter visitor or investment. All new interior paint, new carpet in the bedrooms, new tile surround in both showers, quartz countertops with new tile backsplash, new stove/microwave/dishwasher/and disposal. New garage door and opener, new AC unit and new landscaping rocks. Home is move in ready! Great mountain views to the south and home backs up to the park. Schedule your showing today before its gone!=, you won't be disappointed!

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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$712
Property Tax -$117
Property Insurance -$60
HOA -$15
Property Management Fees -$99
CASH FLOW
$137

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.

$205,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.56%

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$800k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$24,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,334

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,4003$1,4004$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 2157 W Wilson Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.68
    •  
  • 2119 W Broadway Avenue Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 255 S 13th Place Coolidge, AZ 3
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 1272 W Wilson Avenue Coolidge, AZ 4
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 1218 W Harding Avenue Coolidge, AZ 5
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005
    property image
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Linda Stolc
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210906
Last Updated: 03/25/2021
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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