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1538 E Palo Verde Drive 
Casa Grande, AZ
85122
3 Beds 3 Baths 1,646 sqft
Built 2006
INVESTimate
$226,000
List Price
$65,640
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $137.30
- 3 Days on Market
- MLS # : 6121873
- Updated Date : 08/25/2020 at 16:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart Success
Listing Agent's Description
Charming two-story home in Monterra Village with 3 bedrooms, 2.5 baths. Kitchen with granite counter-top, reverse osmosis, lazy susan, and staggered maple cabinets with 4 in. rope. Pre-wired for home theater speakers, granatex bathroom counters and showers. Master bedroom with nice walk-in closet. New blinds on the 2nd level. Interior was recently painted. Backyard is fully enclosed. with extended patio. Pigeon proofed. Water heater 2 years old. Pre-wired for alarm system. Ceiling fans in almost every room.
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PRICE & RENT TRENDS
Neighborhood: Monterra Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monterra Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,130 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$172 | |
| Property Insurance | -$59 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$94
|
||
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.
$226,000
PROJECTED PRICE
$1,130
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 2.53% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,640
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,500 |
| Loan Amount | $169,500 |
3.42
YEARS SAVED
$7,543
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,130
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,185
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
1538 E Palo Verde Drive Casa Grande, 1
- 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,130
- $0.69
-
1726 N Desert Willow Street Casa Grande, 2
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,200
- $0.71
-
1460 E Sunset Drive Casa Grande, 3
- 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
PROPERTY LISTING DETAILS
Homesmart Success
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121873
Last Updated: 08/25/2020
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.
