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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $110.47
- 5 Days on Market
- MLS # : 6180483
- Updated Date : 01/15/2021 at 23:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,942 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Welcome to an exquisite 4+ bedroom luxury home nestled in Cottonwood Ranch in Casa Grande. This homes elegance and grandeur put the property in a category of luxury all it's own. The open and bright floor plan will enchant as you welcome yourself into the front foyer with the soaring ceiling and the formal Living Room. The Kitchen is both spacious and beautiful featuring all of the amenities of a true chef's kitchen with stainless steel appliances, granite countertops, smooth cooktop with double oven, 42'' white cabinetry and an oversized island with breakfast bar. Downstairs features a Flex Room with full bath, great for company or a home office! Escape to the luxurious master retreat with sitting area and a spa like bath leaves a feeling of relaxation and ultimate privacy.
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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 | $1,630 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$250 | |
| Property Insurance | -$85 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$325,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.50%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
5.58
YEARS SAVED
$19,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,628
COMP ESTIMATED VALUE -
$0.55
COMP AVG. RENT PER SQFT
Comps Range
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1244 E Palo Verde Drive Casa Grande, AZ 1
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- $0
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LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,595
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583 W Racine Loop Casa Grande, AZ 3
- 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,595
- $0.56
-
1253 E Kingman Street Casa Grande, AZ 4
- 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 2014
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.55
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180483
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
