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1649 E Lee Drive Casa Grande, AZ 85122

4 Beds 2 Baths 2,069 sqft Built 2008

$274,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $132.87
  • 5 Days on Market
  • MLS # : 6175472
  • Updated Date : 12/31/2020 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

FEELS BRAND NEW! Come fall in love with this Modern Split Floor Plan 4+ bedroom, 2 bath, single level Home nestled in a quiet Master Planned Community. Walk through the front door and it is much larger than you would imagine with 9ft ceilings, huge great room, formal dining and a flex room perfect for a home office or formal living room! The kitchen is the center of the Home featuring granite countertops, black appliances, rich cabinetry, custom backsplash and pantry. A Large Master Suite with private bath features a walk-in shower and a large soaking tub with dual vanity and a large walk-in closet, perfect for his and hers! ALL the attention to detail in ALL the right places.. fresh paint, tile flooring, tons of natural light, this smart home will please your pickiest buyer!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tamaron

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k299k

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

Neighborhood: Tamaron

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,014
Property Tax -$209
Property Insurance -$68
HOA -$58
Property Management Fees -$99
CASH FLOW
-$38

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.

$274,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,006

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
  • $1,376

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,400
$1,400
RENT COMPS ANALYSIS
  • 1649 E Lee Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2008
    • 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
    •  
PROPERTY LISTING DETAILS
Jera M Banks
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175472
Last Updated: 12/31/2020
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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