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805 W Shannons Way Coolidge, AZ 85128

3 Beds 2 Baths 1,181 sqft Built 2002

$170,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $143.95
  • 4 Days on Market
  • MLS # : 6180834
  • Updated Date : 01/14/2021 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,181 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in Country Village Estates! This home has been refreshed with new interior and exterior paint and new carpet (windows to be repaired). The kitchen features ample cabinet and counter space and new stainless steel appliances. The primary bedroom has an ensuite bathroom and a walk in closet. Fenced backyard with a covered patio. Vacant and ready for viewing, come see!

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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$590
Property Tax -$94
Property Insurance -$50
HOA -$30
Property Management Fees -$99
CASH FLOW
$257

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.

$170,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.66%

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$14k

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$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$34,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,081

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,3003$1,3004$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 805 W Shannons Way Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.95
    •  
  • 802 W Raymond Street Coolidge, AZ 2
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 2020
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 818 W Raymond Street Coolidge, AZ 3
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2020
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 808 W Raymond Street Coolidge, AZ 4
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 816 W Raymond Street Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180834
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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