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840 W Toltec Drive Coolidge, AZ 85128

3 Beds 2 Baths 2,010 sqft Built 1984

$319,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $159.15
  • 5 Days on Market
  • MLS # : 6161741
  • Updated Date : 11/20/2020 at 07:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

This beautiful upgraded home is over 2,000 sg ft, with new flooring in most of the house. Beautiful upgraded Kitchen area, with Granite counter tops, 42 in cabinets, a movable island, and a reverse osmosis water system. Whole house water filtration system. House has a separate living room and family room with a split floor plan. All the windows are new, energy efficient windows, added insulation in the attic, and all new HVAC duct work, with a two year old Heatpump AC unit. TV's convey with sale. This house over 17,000 sg ft lot, with an RV gate, a back yard storage building, and a pool. The pool was completely gutted, and all of the plaster redone, the cool deck is new, and the pool pump is all less than 2 years old. The yard is fully landscaped with mature trees.

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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
Heartland Ranch Elementary School Primary Regular 491 19 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

Heartland Ranch Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 19
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

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$1,180
Property Tax -$182
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$358

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

$1,170

PROJECTED RENT

0.37%

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.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,293

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
  • $1,407

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,500
$1,500
RENT COMPS ANALYSIS
  • 840 W Toltec Drive Coolidge, AZ 1
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 335 S 16th Street Coolidge, AZ 2
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.68
    •  
  • 9896 N Christensen Road Coolidge, AZ 3
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1978
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
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 #: 6161741
Last Updated: 11/20/2020
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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