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1137 N Walnut Drive Casa Grande, AZ 85122

3 Beds 2 Baths 1,137 sqft Built 1952

$195,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $171.50
  • 3 Days on Market
  • MLS # : 6159622
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,137 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

A chance to own a piece of nostalgia. Home built in 1952 and located in a quiet well kept older neighborhood. No HOA and close to Ward community park. Home was recently upgraded to include new A/C, new roof, remodeled Master Bath, freshly painted inside, home was repiped and water heater is a few years old.Home has a sparkling diving Pool and a storage shed that can be used as a pool house. Dont miss out this home will not last.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ward Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ward Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8481567

* 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
Saguaro Elementary School Primary Regular 516 25 2
Casa Grande Middle School Middle Regular 606 32 2
Casa Grande Union High School High Regular 1,731 69 2

Saguaro Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 25
2
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
 

$175,500$214,500$195,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$719
Property Tax -$155
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$33

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.

$195,000

PROJECTED PRICE

$990

PROJECTED RENT

0.51%

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

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,1093$1,200
$1,200
RENT COMPS ANALYSIS
  • 1137 N Walnut Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.87
    •  
  • 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
    property image
    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
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
John Marselis
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159622
Last Updated: 11/13/2020
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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