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1417 N Kadota Avenue Casa Grande, AZ 85122

4 Beds 2 Baths 1,495 sqft Built 1956

$197,500

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $132.11
  • 3 Days on Market
  • MLS # : 6181381
  • Updated Date : 01/15/2021 at 23:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Rox Realty

Listing Agent's Description

Check out this nice 4 bedroom home situated on a corner lot. Large lot with huge fenced front yard, and large back patio with storage shed. centrally located.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kimberlea

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Kimberlea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Saguaro Elementary School Primary Regular 516 25 2
Casa Grande Middle School Middle Regular 606 32 2
Casa Grande Union High School High Regular 1,731 69 2

Saguaro Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 25
2
GreatSchools Rating

Casa Grande Middle School

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

Casa Grande Union High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 69
2
GreatSchools Rating
 

$177,750$217,250$197,500

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$686
Property Tax -$150
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$269

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.

$197,500

PROJECTED PRICE

$1,260

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$58,088

INVESTMENT

$58,088

Down Payment
$49,375
Rehab Estimate
$5,750
Closing Costs
$2,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$686

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,375
Loan Amount $148,125
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$37,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,410

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,109
1$1,1092$1,2603$1,2954$1,595
$1,595
RENT COMPS ANALYSIS
  • 1417 N Kadota Avenue Casa Grande, AZ 2
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.84
    •  
  • 651 E Manor Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,109
    • $0.90
    •  
  • 1025 N Menze Street Casa Grande, AZ 3
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1975
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
  • 1179 E Brenda Drive Casa Grande, AZ 4
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1973
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Susan Gallegos
Coldwell Banker Rox Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181381
Last Updated: 01/15/2021
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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