Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2209 W Pima Avenue Coolidge, AZ 85128

4 Beds 4 Baths 3,901 sqft Built 2006

$270,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $69.21
  • 3 Days on Market
  • MLS # : 6154895
  • Updated Date : 11/01/2020 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,901 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

The home you have been searching for is HERE! This spectacular 3900 sqft home has it all ! Upon entry you'll find a large formal living/dining room that leads you to an expansive open kitchen with dining and family room, plus an additional room that could be turned into a theater room or home office! Upstairs features a huge master suite with sitting room, access to your private balcony, separate tub and shower, and large walk-in closet, along with 3 more spacious bedrooms, 2 full baths, and a giant loft! Out back sit under your covered patio and use your imagination to finish the already partially landscaped backyard. There's also an RV gate for easier access if you want to add a pool! This home is ready to move in so don't wait!

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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$996
Property Tax -$186
Property Insurance -$103
HOA -$15
Property Management Fees -$99
CASH FLOW
-$49

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.

$270,000

PROJECTED PRICE

$1,350

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-$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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,800
$1,800
RENT COMPS ANALYSIS
  • 2209 W Pima Avenue Coolidge, AZ 1
    • 4 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1218 W Pinkley Avenue Coolidge, AZ 2
    • 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.36
    •  
  • 1006 W Lindbergh Avenue Coolidge, AZ 3
    • 4 beds 3 baths ∙ 3,737 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,737 Sqft ∙ Built 2006
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.40
    •  
  • 959 W Elizabeth Way Coolidge, AZ 4
    • 5 beds 4 baths ∙ 3,751 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,751 Sqft ∙ Built 2006
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.48
    •  
PROPERTY LISTING DETAILS
Angelica Bolan-ervin
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154895
Last Updated: 11/01/2020
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.

BESbswy