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1319 E Palo Verde Drive Casa Grande, AZ 85122

4 Beds 3 Baths 3,310 sqft Built 2008

INVESTimate

$319,900

List Price

$1,550

$1,395 - $1,705

Rent Est.

$331,864  ( +3.74%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $96.65
  • 2 Days on Market
  • MLS # : 6122237
  • Updated Date : 08/25/2020 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,310 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

This is a gorgeous, dynamic, immaculate home in G Diamond Ranch. Curb appeal galore!! Formal living area plus a family room. Kitchen opens to the family room with gas fireplace, and features stainless steel appliances, gas cooktop and double wall-ovens, center island, beautiful staggered cherry cabinets with crown molding, and a walk-in pantry. Large windows in all rooms creating an open, airy feel. Luxurious master suite with double door entry, 48'' tile medallion, separate shower and jetted tub, double sinks and a spacious walk-in closet. 3 more bedrooms plus a loft. New water softener. Attached 2-car garage and detached 1-car garage for plenty of storage. The backyard has a covered patio and is a blank slate ready for your landscaping dreams. Don't wait, this one will go FAST!!

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,180
Property Tax -$268
Property Insurance -$92
HOA -$61
Property Management Fees -$99
CASH FLOW
-$150

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.

$319,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.74%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,631

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
  • $1,705

    COMP ESTIMATED VALUE
  • $0.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,850
$1,850
RENT COMPS ANALYSIS
  • 1319 E Palo Verde Drive Casa Grande, 1
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1777 E Oquitoa Drive Casa Grande, 2
    • 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.46
    •  
  • 1253 E Kingman Street Casa Grande, 3
    • 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,267 Sqft ∙ Built 2014
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.57
    •  
PROPERTY LISTING DETAILS
David Morgan
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122237
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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