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840 W Wilson Avenue Coolidge, AZ 85128

3 Beds 2 Baths 1,782 sqft Built 1959

$199,900

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $112.18
  • 2 Days on Market
  • MLS # : 6173163
  • Updated Date : 12/19/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

You won't want to miss this one! This 1782 sqft home features 3 spacious bedrooms, 2 remodeled bathrooms, large living room, spacious kitchen with a gas stove, inside laundry room, a bonus game room/family room on a huge lot with RV parking and no HOA!! As an added bonus the home is complete with all new tile plank flooring, new carpet, new roof, new HVAC, new water heater, new bathrooms, and new paint inside and out, all in 2020. Schedule your showing today!

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$738
Property Tax -$125
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$136

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.

$199,900

PROJECTED PRICE

$1,160

PROJECTED RENT

0.58%

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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$28,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,307

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,1933$1,4004$1,500
$1,500
RENT COMPS ANALYSIS
  • 840 W Wilson Avenue Coolidge, AZ 1
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.65
    •  
  • 446 W Kennedy Avenue Coolidge, AZ 2
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1945 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1945
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,193
    • $0.58
    •  
  • 1216 N Mesquite Lane Coolidge, AZ 3
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1971
    property image
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 9896 N Christensen Road Coolidge, AZ 4
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1978
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Angelica Bolan-ervin
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173163
Last Updated: 12/19/2020
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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