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118 S Los Cielos Lane Casa Grande, AZ 85194

3 Beds 2 Baths 2,135 sqft Built 2006

$329,600

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $154.38
  • 5 Days on Market
  • MLS # : 6195477
  • Updated Date : 02/21/2021 at 01:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Elite Real Estate Pros

Listing Agent's Description

Want to own a slice of paradise? Here is your chance. You will fall in love the minute you lay eyes on this well cared for home. Upon entry you will notice the custom interior paint, vaulted ceilings, and tile flooring. You can definitely picture yourself cooking in this one of a kind kitchen that includes Granite counter-tops. tiled backsplash, beautiful white cabinetry w/crown molding & hardware, upper & lower lighting, stainless steel appliances, drop in sink, and new RO. French doors lead you to the large master bedroom that has a Bay window & walk in closet. The master en-suite includes a custom tiled shower w/bench, Silestone counter-tops w/dual sinks and so much more. Step out back to enjoy all Arizona has to offer with the extended patio w/Pergola, and so much more. Please call now

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Royale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k308k

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

Neighborhood: Mission Royale

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
Palo Verde Elementary School Primary Regular 465 22 4
Casa Grande Middle School Middle Regular 606 32 2
Vista Grande High Regular 1,907 68 3

Palo Verde Elementary School

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

Casa Grande Middle School

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

Vista Grande

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

$296,640$362,560$329,600

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,145
Property Tax -$280
Property Insurance -$69
HOA -$38
Property Management Fees -$99
CASH FLOW
-$40

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.

$329,600

PROJECTED PRICE

$1,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,094

INVESTMENT

$93,094

Down Payment
$82,400
Rehab Estimate
$5,750
Closing Costs
$4,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,145

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,400
Loan Amount $247,200
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,762

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
  • $1,964

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7904$1,850
$1,850
RENT COMPS ANALYSIS
  • 118 S Los Cielos Lane Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 220 N Sunset Circle Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 2367 E Santa Ynez Drive Casa Grande, AZ 3
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2021
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
  • 2403 E Alida Trail Casa Grande, AZ 4
    • 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
PROPERTY LISTING DETAILS
Julie Patricia Schilling
Elite Real Estate Pros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195477
Last Updated: 02/21/2021
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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