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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $162.52
- 4 Days on Market
- MLS # : 6186721
- Updated Date : 01/28/2021 at 18:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,569 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
D.R. Horton home with 4 bedrooms and 2 bathrooms that is centrally located in Casa Grande. Built in 2013, this home has an ideal open floor plan, spacious owners suite and generous outdoor space. Soft water system recently installed. Come and see this charming home today!
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PRICE & RENT TRENDS
Neighborhood: Cottonwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottonwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$194 | |
| Property Insurance | -$58 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$255,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
3.5
YEARS SAVED
$7,557
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,130
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
1223 E Judi Street Casa Grande, AZ 1
- 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,190
- $0.76
-
1726 N Desert Willow Street Casa Grande, AZ 2
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,200
- $0.71
-
1460 E Sunset Drive Casa Grande, AZ 3
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,300
- $0.73
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186721
Last Updated: 01/28/2021
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.
