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708 S 11th Street Coolidge, AZ 85128

3 Beds 2 Baths 1,398 sqft Built 2018

$199,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $142.99
  • 3 Days on Market
  • MLS # : 6156888
  • Updated Date : 11/05/2020 at 22:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,398 sqft
  • Baths : 2 full
Listing Agent

Ure-t-bird

Listing Agent's Description

Great home for first time home buyers or investment property. Beautiful newer home built in 2018, single-story home with 2-car garage. Open floor plan with living, dining and kitchen area. Good size yard and easy maintenance.

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
 

$179,910$219,890$199,900

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 -$738
Property Tax -$127
Property Insurance -$54
HOA -$55
Property Management Fees -$99
CASH FLOW
$197

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.

$199,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.64%

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$14k

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$35,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,283

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2703$1,2954$1,3005$1,399
$1,399
RENT COMPS ANALYSIS
  • 708 S 11th Street Coolidge, AZ 2
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.91
    •  
  • 806 W Spruell Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.95
    •  
  • 1050 W Kachina Drive Coolidge, AZ 3
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2019
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 1643 W Wilson Avenue Coolidge, AZ 4
    • 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 932 W Kachina Drive Coolidge, AZ 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2019
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sophia Kim
Ure-t-bird
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156888
Last Updated: 11/05/2020
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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