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1649 E Balboa Drive Casa Grande, AZ 85122

4 Beds 2 Baths 1,968 sqft Built 2002

INVESTimate

$244,000

List Price

$1,240

$1,116 - $1,364

Rent Est.

$259,982  ( +6.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $123.98
  • 4 Days on Market
  • MLS # : 6121167
  • Updated Date : 08/23/2020 at 08:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Summit Real Estate Professionals

Listing Agent's Description

Get ready to step inside your new perfect home!! Located on a cul-de-sac lot that opens up to walking paths throughout the neighborhood. Single level home with 4 bedrooms and 2 bathrooms. Vaulted ceilings in the living room. Come take a look today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Mission Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8901567

* 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
Desert Willow Elementary School Primary Regular 589 25 4
Cactus Middle School Middle Regular 919 39 5
Casa Grande Union High School High Regular 1,731 69 2

Desert Willow Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 25
4
GreatSchools Rating

Cactus Middle School

  • Education Level: Middle
  • # of students: 919
  • # of teachers: 39
5
GreatSchools Rating

Casa Grande Union High School

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

$219,600$268,400$244,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$900
Property Tax -$173
Property Insurance -$66
HOA -$45
Property Management Fees -$99
CASH FLOW
-$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$244,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.55%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,410

INVESTMENT

$70,410

Down Payment
$61,000
Rehab Estimate
$5,750
Closing Costs
$3,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,000
Loan Amount $183,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,276

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
  • $1,314

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 1649 E Balboa Drive Casa Grande, 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 1165 N Maria Lane Casa Grande, 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 1841 E Angelica Street Casa Grande, 4
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2007
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 1855 N Mandeville Lane Casa Grande, 5
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2006
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
PROPERTY LISTING DETAILS
Amy Gietz
Summit Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121167
Last Updated: 08/23/2020
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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