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1672 E Balboa Drive Casa Grande, AZ 85122

4 Beds 2 Baths 1,520 sqft Built 2002

$235,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
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!

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,2003$1,300
$1,300
RENT COMPS ANALYSIS
  • 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
Debbie Yost
Re/max Casa Grande
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172892
Last Updated: 12/18/2020
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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