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806 W Caroline Street Coolidge, AZ 85128

3 Beds 3 Baths 1,819 sqft Built 2021

$243,490

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $133.86
  • 3 Days on Market
  • MLS # : 6196532
  • Updated Date : 02/19/2021 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wjh

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
 

$219,141$267,839$243,490

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$846
Property Tax -$134
Property Insurance -$63
HOA -$30
Property Management Fees -$99
CASH FLOW
-$32

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$243,490

PROJECTED PRICE

$1,140

PROJECTED RENT

0.47%

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) 3.00%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,525

INVESTMENT

$66,525

Down Payment
$60,873
Rehab Estimate
$2,000
Closing Costs
$3,652

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$846

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,873
Loan Amount $182,618
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$11,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,369

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,1753$1,2954$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 806 W Caroline Street Coolidge, AZ 1
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.63
    •  
  • 1060 W Prior Avenue Coolidge, AZ 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2019
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.73
    •  
  • 1412 S 7th Street Coolidge, AZ 3
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2005
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.74
    •  
  • 255 S 13th Place Coolidge, AZ 4
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 1326 W Roosevelt Avenue Coolidge, AZ 5
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Samantha Allen
Wjh
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196532
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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