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937 W Elm Avenue Coolidge, AZ 85128

4 Beds 3 Baths 2,635 sqft Built 2008

INVESTimate

$247,900

List Price

$1,260

$1,134 - $1,386

Rent Est.

$267,583  ( +7.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $94.08
  • 7 Days on Market
  • MLS # : 6120173
  • Updated Date : 08/24/2020 at 16:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,635 sqft
  • Baths : 3 full
Listing Agent

Re/max Solutions

Listing Agent's Description

New interior paint, replaced water heater with 3 element tankless water heater,,dryer vent was cleaned in July 2020, all faucet cartridges were replaced, two sheds, RV Gate Entrance, floating deck to sit out for BBQ, two air conditioners were inspected in June 2020.

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
 

$223,110$272,690$247,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$915
Property Tax -$167
Property Insurance -$79
HOA -$55
Property Management Fees -$99
CASH FLOW
-$55

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.

$247,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,444

INVESTMENT

$71,444

Down Payment
$61,975
Rehab Estimate
$5,750
Closing Costs
$3,719

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,975
Loan Amount $185,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,937

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
  • $1,390

    COMP ESTIMATED VALUE
  • $0.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2504$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 937 W Elm Avenue Coolidge, 1
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 225 S 13th Place Coolidge, 2
    • 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2007
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.50
    •  
  • 1714 W Wilson Avenue Coolidge, 3
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.54
    •  
  • 150 S 18th Street Coolidge, 4
    • 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, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Robert Allen Laird
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120173
Last Updated: 08/24/2020
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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