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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 85128
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85128
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$50,800
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $42,500 |
| Loan Amount | $127,500 |
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
-
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
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180834
Last Updated: 01/14/2021
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.
