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1107 E 6th Street Casa Grande, AZ 85122

3 Beds 2 Baths 1,189 sqft Built 2020

$229,900

List Price

$970

$873 - $1.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $193.36
  • 6 Days on Market
  • MLS # : 6153430
  • Updated Date : 10/31/2020 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,189 sqft
  • Baths : 2 full
Listing Agent

Elite Real Estate Pros

Listing Agent's Description

New 2020 Construction. Beautiful 3 Bedroom, 2 Bath home located in the heart of Casa Grande. Spacious open floor plan with all tile flooring. Kitchen features granite counter tops, beautiful cherry finish cabinetry & stainless steel appliances which include a refrigerator. All bedrooms include ceiling fans with lighting. The entire home has a block fencing, RV gate & security rolling gate for additional privacy Home is complete with both front & back landscaping. Absolute homes are built with pride using all tile roofing, blown in foam insulation & 3 ton refrigerated A/C The home is available for immediately occupancy.

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PRICE & RENT TRENDS

Neighborhood: Eastland Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Eastland Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7321567

* 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
Palo Verde Elementary School Primary Regular 465 22 4
Villago Middle School Middle Regular 875 39 6
Vista Grande High Regular 1,907 68 3

Palo Verde Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 22
4
GreatSchools Rating

Villago Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 39
6
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

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

PURCHASE PRICE

$873$1,067$970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $970
EXPENSES Loan Payment -$848
Property Tax -$175
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$202

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$970

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 3.00%
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$700k

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$700k

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 60% 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

1.58

YEARS SAVED

$2,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $970

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,165

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$970
1$9702$1,1093$1,200
$1,200
RENT COMPS ANALYSIS
  • 1107 E 6th Street Casa Grande, AZ 1
    • 3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $970
    • $0.82
    •  
  • 651 E Manor Drive Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,109
    • $0.90
    •  
  • 908 N Center Avenue Casa Grande, AZ 3
    • 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1934 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1934
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mary Lou Carbajal-chavez
Elite Real Estate Pros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153430
Last Updated: 10/31/2020
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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