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8033 W Coolidge Street Phoenix, AZ 85033

3 Beds 1 Baths 952 sqft Built 1979

$205,000

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $215.34
  • 6 Days on Market
  • MLS # : 6153029
  • Updated Date : 11/02/2020 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 952 sqft
  • Baths : 1 full
Listing Agent

The Offer Company

Listing Agent's Description

Welcome home! This charming single level house is located in a quiet neighborhood in Phoenix. Beautiful grassy front landscaping with spacious carport. Welcoming interior with 3 perfectly sized bedrooms, 1 bathroom, brand new carpet, freshly painted interior, lots of natural light, and so much more you can't miss out on! Practice your cooking skills in this eat-in kitchen providing everything you need; white matching appliances, walk-in pantry, honey oak cabinetry, and plenty of counter space. Out the back you have a covered/paved patio, storage shed, and lots of privacy to enjoy your gatherings. View it today as this is the one! Newer roof (2015 )

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Tomahawk Elementary School Primary Regular 983 48 3
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Tomahawk Elementary School

  • Education Level: Primary
  • # of students: 983
  • # of teachers: 48
3
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

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

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$756
Property Tax -$123
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$135

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

$890

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k

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$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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $890

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$890
1$890
$890
RENT COMPS ANALYSIS
  • 8033 W Coolidge Street Phoenix, AZ
    • 3 beds 1 baths ∙ 952 Sqft ∙ Built 1979 3 beds 1 baths ∙ 952 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.93
    •  
PROPERTY LISTING DETAILS
Alejandra Paladino
The Offer Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153029
Last Updated: 11/02/2020
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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