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1359 E Colorado Loop Casa Grande, AZ 85122

3 Beds 2 Baths 2,325 sqft Built 2006

$249,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $107.10
  • 6 Days on Market
  • MLS # : 6164431
  • Updated Date : 11/24/2020 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,325 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy One

Listing Agent's Description

This is the one you have been waiting for! This beautiful home in the small and sought after Cottonwood Commons features an open living/kitchen downstairs with eat-in kitchen, den, a balcony accessed from the upstairs, master bathroom with double sinks and large walk-in closet and a backyard with two covered patios. Centrally located in town, close to dining, shopping and schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonwood Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cottonwood Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$224,100$273,900$249,000

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 -$919
Property Tax -$189
Property Insurance -$73
HOA -$55
Property Management Fees -$99
CASH FLOW
-$64

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$249,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,089

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,270

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3504$1,400
$1,400
RENT COMPS ANALYSIS
  • 1359 E Colorado Loop Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.55
    •  
  • 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
    •  
  • 1165 N Maria Lane Casa Grande, AZ 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 1358 E Colorado Loop Casa Grande, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Kristee Vanderheyden
Keller Williams Legacy One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164431
Last Updated: 11/24/2020
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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