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1316 E Jardin Drive Casa Grande, AZ 85122

3 Beds 2 Baths 2,531 sqft Built 2006

$357,500

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.25
  • 2 Days on Market
  • MLS # : 6210168
  • Updated Date : 03/20/2021 at 21:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,531 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is it! This former model is still in tip top condition! Soaring ceilings, with 8' exterior doors, and plenty of living space throughout. Home offers 3 bedrooms, 2 bath, plus a den with double doors and built in Cherry wood desk/bookshelf! Large and welcoming formal living and dining room. Kitchen with island breakfast bar, walk-in pantry and 42'' oak cabinets. Inside laundry with washer/dryer, cabinets and sink. Plenty of linen closets and storage. Landscaping complete and backyard has mature grapefruit tree! Sunshades on every window and solar help during summer months!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k329k

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

Neighborhood: Diamond Ranch

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
Ironwood Elementary School Primary Regular 460 24 4
Cactus Middle School Middle Regular 919 39 5
Vista Grande High Regular 1,907 68 3

Ironwood Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 24
4
GreatSchools Rating

Cactus Middle School

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

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$321,750$393,250$357,500

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,242
Property Tax -$272
Property Insurance -$77
HOA -$20
Property Management Fees -$99
CASH FLOW
-$439

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.

$357,500

PROJECTED PRICE

$1,270

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.7%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$100,488

INVESTMENT

$100,488

Down Payment
$89,375
Rehab Estimate
$5,750
Closing Costs
$5,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,242

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,375
Loan Amount $268,125
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$247

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
  • $1,434

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4754$1,595
$1,595
RENT COMPS ANALYSIS
  • 1316 E Jardin Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1852 N Desert Willow Street Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.54
    •  
  • 489 E White Wing Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.60
    •  
  • 583 W Racine Loop Casa Grande, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Courtney Bossom
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210168
Last Updated: 03/20/2021
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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