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

1339 E Prickly Pear Drive Casa Grande, AZ 85122

4 Beds 2 Baths 2,531 sqft Built 2007

$329,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $129.99
  • 6 Days on Market
  • MLS # : 6180331
  • Updated Date : 01/19/2021 at 21:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,531 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Awesome Home with 2 NEW AC Units and Solar. Fresh Exterior Paint DEC 2020. Corner Lot with Park nearby. Large Open Kitchen with Island and Gas Stove all appliances Included. Gas Fireplace in Family Room. Covered Patio on front and back of home with low maintenance landscaping. 3 Car Garage and Room for RV Parking on side of home. Brick Paver Driveway. Walk in Shower in Master Bedroom with Walk in Closet. 10' Ceilings throughout home. Good Sized Formal living and dining rooms with large kitchen nook. 18'' Tile Flooring throughout with upgraded carpet and laminate wood floors in Kitchen. Corian Counters with large walk in pantry in kitchen. Solar saves home owner over $100/mo. Solar payment $333.05 Buyer to take over loan at COE

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,143
Property Tax -$250
Property Insurance -$77
HOA -$20
Property Management Fees -$99
CASH FLOW
-$169

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.

$329,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.43%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,345

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
  • $1,557

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4754$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 1339 E Prickly Pear Drive Casa Grande, AZ 1
    • 4 beds 2 baths ∙ 2,531 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,531 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1358 E Colorado Loop Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.60
    •  
  • 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
    •  
  • 1466 E Holiday Drive Casa Grande, AZ 4
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.58
    •  
  • 1562 E Judi Place Casa Grande, AZ 5
    • 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2006
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180331
Last Updated: 01/19/2021
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.

BESbswy