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1206 E Rodeo Road Casa Grande, AZ 85122

3 Beds 2 Baths 1,380 sqft Built 1963

$195,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $141.30
  • 4 Days on Market
  • MLS # : 6162084
  • Updated Date : 12/02/2020 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,380 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

NO HOA!!!! This remodeled cozy 3 bedroom 2 bath home offers ample space with newer flooring and update counters. Flex room , Arizona room and so much more!! Block fencing, and plenty of storage room. With several family recreation just min away! Call today for more details

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Grande

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Rancho Grande

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
Cholla Elementary School Primary Regular 418 19 3
Cactus Middle School Middle Regular 919 39 5
Casa Grande Union High School High Regular 1,731 69 2

Cholla Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 19
3
GreatSchools Rating

Cactus Middle School

  • Education Level: Middle
  • # of students: 919
  • # of teachers: 39
5
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

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$719
Property Tax -$138
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$159

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

$1,170

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$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 35% 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

9.58

YEARS SAVED

$30,904

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
  • $1,421

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,505
$1,505
RENT COMPS ANALYSIS
  • 1206 E Rodeo Road Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1186 E Avenida Fresca -- Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 520 E Jahns Place Casa Grande, AZ 3
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $1.06
    •  
PROPERTY LISTING DETAILS
Stephanie Blanco
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162084
Last Updated: 12/02/2020
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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