Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Avalon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
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
-
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
Gemstone Homes & Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6201012
Last Updated: 03/06/2021
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.
