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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $154.61
- 3 Days on Market
- MLS # : 6172892
- Updated Date : 12/18/2020 at 15:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,520 sqft
- Baths : 2 full
Listing Agent
Re/max Casa Grande
Listing Agent's Description
Move in Ready 4 bedroom 2 bath home in popular Mission Valley. No neighborsbehind you and single level homes on both sides make this an ideal lot. MasterBedroom split for privacy with full bath and walk in closet, spacious great room,inside laundry, and 2 car garage. The 4th bedroom has access from hall and thedouble doors into the great room make this an ideal den or office if you don'tneed extra bedroom space. Kitchen has pantry and breakfast bar. Ceiling fansthrough-out, tile in the kitchen and baths, new paint inside and out, and HVACnew in 2016. Covered patio and back yard with plenty of room to add a pool.Come take a look!
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PRICE & RENT TRENDS
Neighborhood: Mission Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,200 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$167 | |
| Property Insurance | -$57 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$33
|
||
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.
$235,000
PROJECTED PRICE
$1,200
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
4.92
YEARS SAVED
$13,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,200
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,094
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
1672 E Balboa Drive Casa Grande, AZ 2
- 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,200
- $0.79
-
1726 N Desert Willow Street Casa Grande, AZ 1
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2004
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,200
- $0.71
-
1460 E Sunset Drive Casa Grande, AZ 3
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008
![property image]()
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,300
- $0.73
PROPERTY LISTING DETAILS
Re/max Casa Grande
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172892
Last Updated: 12/18/2020
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.
