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

2245 W Broadway Avenue Coolidge, AZ 85128

4 Beds 3 Baths 2,288 sqft Built 2006

$269,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $117.57
  • 5 Days on Market
  • MLS # : 6192224
  • Updated Date : 02/12/2021 at 16:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

Big Bedrooms, great house 4 bedroom 2.5 bath, - Kitchen features gorgeous quartz counter tops, a kitchen Island, custom cabinetry, deep chefs sink & pull down kitchen faucet, stainless steel appliances & walk in pantry - all open to the dining & main living areas with attractive engineered hardwood - even a downstairs bedroom! The master suite features ceiling fan, walk in closet, tile walk in shower with waterfall fixture, Glass Doors, custom vanity with dual sinks and tile floors. The upstairs also includes a large loft, den with hardwood floors & sliding barn door as well as 2 additional bedrooms. Additional property features include a finished garage with backyard exit, RV gate, double length covered patio and low maintenance rock backyard. This house has a solar electric system.

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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$934
Property Tax -$153
Property Insurance -$72
HOA -$15
Property Management Fees -$99
CASH FLOW
-$3

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.

$269,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.47%

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,419

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
  • $1,527

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4004$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2245 W Broadway Avenue Coolidge, AZ 1
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 2089 W Central Avenue Coolidge, AZ 4
    • 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,288 Sqft ∙ Built 2006
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 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
Kenneth N Bolan
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192224
Last Updated: 02/12/2021
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.

BESbswy