Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9212 W Coolidge Street Phoenix, AZ 85037

4 Beds 3 Baths 2,427 sqft Built 2000

$330,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $135.97
  • 3 Days on Market
  • MLS # : 6187559
  • Updated Date : 01/29/2021 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,427 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Now available for sale, a beautiful, spacious home in a quiet neighborhood along a tree-lined street. This home is in very good condition, as the interior was just recently repainted, carpets were replaced and the home was professionally cleaned. It's ready to move-in! In addition to the all tile floor on the first floor, there are window coverings throughout, as well as, sunscreens for each of the windows. Lots of cabinets in the kitchen, island with breakfast bar, pantry, and white appliance package. Upstairs the bedrooms are split separated by a large bonus/entertainment area. In the backyard, enjoy the fun, efficiently sized spool, and warm up by the firepit on chilly nights. It has great access to the 101 freeway, and a bunch of shopping and entertainment venues, such as, Westgate,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8531567

* 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
Copper Canyon High School High Regular 2,251 82 1

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,146
Property Tax -$204
Property Insurance -$74
HOA -$16
Property Management Fees -$99
CASH FLOW
$40

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.

$330,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5753$1,5804$1,6005$1,850
$1,850
RENT COMPS ANALYSIS
  • 9212 W Coolidge Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.65
    •  
  • 4811 N 93rd Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 8602 W Sells Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 9328 W Pasadena Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 4810 N 95th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
PROPERTY LISTING DETAILS
Michael Martinez
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187559
Last Updated: 01/29/2021
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.

BESbswy