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979 W Elm Avenue Coolidge, AZ 85128

4 Beds 3 Baths 2,181 sqft Built 2008

$265,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $121.50
  • 5 Days on Market
  • MLS # : 6192421
  • Updated Date : 02/10/2021 at 19:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,181 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

This well maintained property features a well designed kitchen with granite countertops, tile backsplash, matching appliances, large breakfast bar, buffet counter and spacious pantry. Downstairs you'll find 2 living areas, a formal dining room, downstairs laundry and 1/2 bath. Upstairs the spacious master suite is complete with a sitting room, added Ikea closet, dual sinks, garden tub, spacious walk-in closet, 3 additional bedrooms and a large loft. The fully landscaped backyard includes a covered patio, clothes line, fruit trees and a storage shed with electricity. Don't forget the extended length garage and insulated garage door! Schedule a 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$920
Property Tax -$151
Property Insurance -$70
HOA -$55
Property Management Fees -$99
CASH FLOW
-$15

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.

$265,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$13,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2803$1,3004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 979 W Elm Avenue Coolidge, AZ 2
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.59
    •  
  • 1501 S Navajo Lane Coolidge, AZ 1
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2007
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.58
    •  
  • 335 S 16th Street Coolidge, AZ 3
    • 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
    •  
  • 255 S 13th Place Coolidge, AZ 4
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2008
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 831 S 9th Place Coolidge, AZ 5
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
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 #: 6192421
Last Updated: 02/10/2021
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.

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