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1470 E Sunset Drive Casa Grande, AZ 85122

3 Beds 2 Baths 2,111 sqft Built 2006

$309,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.38
  • 2 Days on Market
  • MLS # : 6176417
  • Updated Date : 01/02/2021 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

This home is BETTER THAN NEW! Upgraded, meticulous, complete pride of ownership do not begin to describe this home! Enter the large living area to a view of the new heated pool, then into the kitchen with new, unique granite & appliances 10/20. The bedrooms all have new carpet & fresh paint, the master bath has a beautiful new tile shower. The HVAC was replaced in 2020, with a 10 yr warranty & sanitized ducts. The backyard has new landscaping & waterlines for the irrigation. The hot tub received new jets 11/20. There are double sinks in both bathrooms & a nice desk area in the hall. Spacious laundry with washer & dryer that stay. The solar will be paid off at COE. Pots & exterior wall art do NOT convey, storage in the garage stays.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ironwood Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k272k

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

Neighborhood: Ironwood 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
 

$278,100$339,900$309,000

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 -$1,140
Property Tax -$235
Property Insurance -$68
HOA -$0
Property Management Fees -$99
CASH FLOW
-$122

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.

$309,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.8%
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-$4.0k-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,429

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
  • $1,450

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4004$1,545
$1,545
RENT COMPS ANALYSIS
  • 1470 E Sunset Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1460 E Sunset Drive Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.73
    •  
  • 1358 E Colorado Loop Casa Grande, AZ 3
    • 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
    •  
  • 451 E Dartmouth Drive Casa Grande, AZ 4
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
PROPERTY LISTING DETAILS
Gretchen Slaughter
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176417
Last Updated: 01/02/2021
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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