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1362 E 10th Place Casa Grande, AZ 85122

2 Beds 2 Baths 1,195 sqft Built 2001

$194,500

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $162.76
  • 2 Days on Market
  • MLS # : 6179010
  • Updated Date : 01/09/2021 at 17:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,195 sqft
  • Baths : 1 full , 1 half
Listing Agent

Elite Real Estate Pros

Listing Agent's Description

Darling 2 bedroom 1.75 bath home in desirable area. Comfortable living room area with a den/office adjacent to it. Bedrooms are split with the guest bedroom carpeted with fan. Master has wood laminate floors and MBA was remodeled with large tiled shower. All appliances are included including washer/dryer. Covered patio in back with low maintenance landscaping front and back. This is a great retirement home or starter home, exterior was recently painted.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Acacia Landing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Acacia Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8461567

* 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
Evergreen Elementary School Primary Regular 454 22 3
Casa Grande Middle School Middle Regular 606 32 2
Vista Grande High Regular 1,907 68 3

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 22
3
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Vista Grande

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

$175,050$213,950$194,500

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$676
Property Tax -$148
Property Insurance -$51
HOA -$11
Property Management Fees -$99
CASH FLOW
$146

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.

$194,500

PROJECTED PRICE

$1,130

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,293

INVESTMENT

$57,293

Down Payment
$48,625
Rehab Estimate
$5,750
Closing Costs
$2,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$676

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,625
Loan Amount $145,875
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$24,600

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
  • $1,064

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$896
$896
RENT COMPS ANALYSIS
  • 1362 E 10th Place Casa Grande, AZ 1
    • 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 70 N Alta Avenue Casa Grande, AZ 2
    • 2 beds 1 baths ∙ 1,009 Sqft ∙ Built 2003 2 beds 1 baths ∙ 1,009 Sqft ∙ Built 2003
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $896
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mary Lou Carbajal-chavez
Elite Real Estate Pros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179010
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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