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1017 N Kadota Avenue Casa Grande, AZ 85122

3 Beds 2 Baths 1,641 sqft Built 1960

$229,900

List Price

$960

$864 - $1.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $140.10
  • 4 Days on Market
  • MLS # : 6156774
  • Updated Date : 11/05/2020 at 16:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

Re/max Casa Grande

Listing Agent's Description

Centrally located in the heart of Casa Grande with fresh paint inside and out, new flooring, updated kitchen featuring new appliances, new roof and so much more in this historic home! Featuring an open great room with plank wood-like tile throughout, new counters, freshly painted white cabinets and white crown molding making the space feel spacious, bright and clean! Master and guest bathroom include new vanities and updated fixtures. Bedrooms have new carpet too - it's almost like a new home! Spacious covered patio in the backyard and laundry room too! Be sure to look for the 3D Tour to explore! Just one block over from the recently renovated Carr McNatt Park with splash pad, play area, skate park, sports fields plus the city's aquatic center.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Evergreen

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Evergreen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Evergreen Elementary School Primary Regular 454 22 3
Casa Grande Middle School Middle Regular 606 32 2
Casa Grande Union High School High Regular 1,731 69 2

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 22
3
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Casa Grande Union High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 69
2
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$864$1,056$960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $960
EXPENSES Loan Payment -$848
Property Tax -$181
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$228

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.

$229,900

PROJECTED PRICE

$960

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $960

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$960
1$960
$960
RENT COMPS ANALYSIS
  • 1017 N Kadota Avenue Casa Grande, AZ
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $960
    • $0.59
    •  
PROPERTY LISTING DETAILS
Melissa Yost Fuentes
Re/max Casa Grande
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156774
Last Updated: 11/05/2020
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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