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9330 W Coolidge Street Phoenix, AZ 85037

4 Beds 3 Baths 2,435 sqft Built 2001

$349,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $143.70
  • 2 Days on Market
  • MLS # : 6168167
  • Updated Date : 12/05/2020 at 10:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

You won't believe you can get so much for so little. Fabulous 4BR/2.5 BA in a terrific west side location close to shopping, Cardinals stadium, parks, restaurants and more. Super clean & ready for the next loving family. Granite counters, stainless appliances, fridge included & tons of cabinets. No carpet, all tile. Master has dbl sinks, separate tub/shower & walk in closet. Inside laundry, W/D included. Sliding glass door leads to covered patio overlooking grassy yard & the perfect size pool to cool off in the hot summer. Ceiling fans, window blinds, 2 car garage and so much more. This one won't last long!

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
Sunset Ridge Elementary School Primary Regular 684 29 5
Sunset Ridge Elementary School Middle Regular 684 29 5
Copper Canyon High School High Regular 2,251 82 1

Sunset Ridge Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Sunset Ridge Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Copper Canyon High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,291
Property Tax -$216
Property Insurance -$75
HOA -$16
Property Management Fees -$99
CASH FLOW
$3

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.

$349,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.49%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,283

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
  • $1,680

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4994$1,5755$1,850
$1,850
RENT COMPS ANALYSIS
  • 9330 W Coolidge Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10417 W Georgia Avenue Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1996
    property image
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 4811 N 93rd Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 8602 W Sells Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 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
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
PROPERTY LISTING DETAILS
Mary Chen
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168167
Last Updated: 12/05/2020
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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