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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $119.51
- 5 Days on Market
- MLS # : 6174084
- Updated Date : 12/30/2020 at 21:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,301 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Exceptionally nice home 3-bedroom 2-bathroom home, with large bonus room which could be a workout room, office, 4th bedroom, play area, your choice. Warm and welcoming living room, 2nd and separate dining area off large kitchen. You can enjoy the beautiful fireplace from both the formal dining room and living room. Hard surface flooring throughout most of the home. Large covered patio. Community paths to enjoy starting only feet from the front door. Greenbelt abuts the home on the east side of the home. Great for the first time buyer or someone just wanting to upgrade. You don't want to miss this one.
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PRICE & RENT TRENDS
Neighborhood: Ironwood Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ironwood Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$209 | |
| Property Insurance | -$72 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$275,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
4.08
YEARS SAVED
$12,217
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
-
$1,312
COMP ESTIMATED VALUE -
$0.57
COMP AVG. RENT PER SQFT
Comps Range
-
1483 E Douglas Street Casa Grande, AZ 1
- 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
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
![property image]()
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,295
- $0.54
-
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
![property image]()
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,400
- $0.60
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174084
Last Updated: 12/30/2020
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.
