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831 S 9th Place Coolidge, AZ 85128

4 Beds 3 Baths 2,255 sqft Built 2006

$319,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.86
  • 4 Days on Market
  • MLS # : 6200265
  • Updated Date : 03/05/2021 at 16:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,255 sqft
  • Baths : 3 full
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

This was a model home for a builder. It has lots of upgrades, all new paint! One bedroom is a Casita style, with it own bedroom, and separate sitting room, a kitchen sink, exterior entrance. The master bedroom is split from the rest of the bedrooms, it is a huge room with a large walk in Shower, and a huge closet, double sinks The other two bedrooms & bath are near the front of the house. The home features a large kitchen, with Granite counter tops, double oven, and a separate cook top. there is a formal dining area, and a large great room with access to the kitchen, There is a breakfast bar, with all granite counter tops. There are solar tubes in the bath rooms, and the laundry room, which also has a sink and cabinets. Check the pictures

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$1,111
Property Tax -$182
Property Insurance -$71
HOA -$55
Property Management Fees -$99
CASH FLOW
-$308

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.

$319,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,3004$1,3005$1,400
$1,400
RENT COMPS ANALYSIS
  • 831 S 9th Place Coolidge, AZ 1
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1501 S Navajo Lane Coolidge, AZ 2
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2007
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.58
    •  
  • 150 S 18th Street Coolidge, AZ 3
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2006
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.56
    •  
  • 1043 W Kachina Drive Coolidge, AZ 4
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.51
    •  
  • 2249 W Pinkley Avenue Coolidge, AZ 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
PROPERTY LISTING DETAILS
Kenneth N Bolan
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200265
Last Updated: 03/05/2021
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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