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373 W Bealey Avenue Coolidge, AZ 85128

3 Beds 2 Baths 1,369 sqft Built 1971

$169,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $124.11
  • 2 Days on Market
  • MLS # : 6170627
  • Updated Date : 12/11/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,369 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is the one you've been waiting for! Beautifully remodeled 3 bed 2 bath home with large den, inside laundry, RV Parking, large fenced lot and NO HOA. New AC Unit and Water heater. Remodel includes laminate floors, dual pane windows, kitchen cabinets and granite countertops, interior/exterior and a New Covered Porch. Master suite includes Custom Designed Closet fully remodeled bathroom with new vanity, tiled walk in shower and so much more! Schedule your showing today!

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
West Elementary School Primary Regular 605 26 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

West Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 26
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
 

$152,910$186,890$169,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$627
Property Tax -$107
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$174

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.

$169,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.62%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$31,303

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
  • $1,136

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8703$8954$1,0955$1,400
$1,400
RENT COMPS ANALYSIS
  • 373 W Bealey Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 238 W Walton Avenue Coolidge, AZ 2
    • 3 beds 1 baths ∙ 1,081 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,081 Sqft ∙ Built 1952
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $870
    • $0.80
    •  
  • 330 W Byrd Avenue Coolidge, AZ 3
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.86
    •  
  • 420 W Elm Avenue Coolidge, AZ 4
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1982
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 1216 N Mesquite Lane Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Aurora Munoz
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170627
Last Updated: 12/11/2020
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.

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