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1378 E 10th Place Casa Grande, AZ 85122

2 Beds 2 Baths 1,209 sqft Built 2001

$230,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $190.24
  • 2 Days on Market
  • MLS # : 6149330
  • Updated Date : 11/02/2020 at 14:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,209 sqft
  • Baths : 2 full
Listing Agent

Nexthome Alliance

Listing Agent's Description

Adorable Move-In ready home in Acacia Landing. 2 bedrooms, 2 baths, office/den area with vaulted ceilings throughout. Perfect for a starter home or retirement home since ALL CONTENTS of the home are included. Just bring your clothes and move right in. Recently updated kitchen with granite counters, new cabinets and newer appliances. Newer tile flooring in the main living areas and carpet in the bedrooms. The backyard oasis is complete with a pool, grill and outdoor furniture. OWNED 5kw grid connected solar panels provide the added value of close to 0$ monthly electric bill. Your buyers are going to love well maintained and immaculate home!!

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$849
Property Tax -$175
Property Insurance -$51
HOA -$11
Property Management Fees -$99
CASH FLOW
-$174

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.

$230,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,076

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$896
1$8962$1,010
$1,010
RENT COMPS ANALYSIS
  • 1378 E 10th Place Casa Grande, AZ 2
    • 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.84
    •  
  • 70 N Alta Avenue Casa Grande, AZ 1
    • 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
Scott Baglien
Nexthome Alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149330
Last Updated: 11/02/2020
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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