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1266 W Chimes Tower Drive Casa Grande, AZ 85122

3 Beds 2 Baths 2,888 sqft Built 2005

$324,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $112.50
  • 2 Days on Market
  • MLS # : 6201012
  • Updated Date : 03/06/2021 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,888 sqft
  • Baths : 2 full
Listing Agent

Gemstone Homes & Properties

Listing Agent's Description

This very popular and spacious single story floor plan offers 2887 square feet with 3 Bedrooms and 2 Bathroom, a huge Bonus area to go along with the formal Living and Dining room, and the large, open concept Family room/Nook/Kitchen area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avalon

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k290k

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

Neighborhood: Avalon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8901567

* 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
Mccartney Ranch Elementary School Primary Regular 714 32 6
Villago Middle School Middle Regular 875 39 6
Casa Grande Union High School High Regular 1,731 69 2

Mccartney Ranch Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 32
6
GreatSchools Rating

Villago Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 39
6
GreatSchools Rating

Casa Grande Union High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 69
2
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,129
Property Tax -$230
Property Insurance -$83
HOA -$65
Property Management Fees -$99
CASH FLOW
-$256

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.

$324,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,911

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
  • $1,608

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,5004$2,100
$2,100
RENT COMPS ANALYSIS
  • 1266 W Chimes Tower Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,888 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,888 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3515 N Excalibur Place Casa Grande, AZ 2
    • 4 beds 2 baths ∙ 2,724 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,724 Sqft ∙ Built 2004
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.48
    •  
  • 1218 W Chimes Tower Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,888 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,888 Sqft ∙ Built 2005
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.52
    •  
  • 655 W Rattlesnake Place Casa Grande, AZ 4
    • 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2003
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
PROPERTY LISTING DETAILS
Kent Van Vleet
Gemstone Homes & Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201012
Last Updated: 03/06/2021
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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