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1673 E Elaine Court Casa Grande, AZ 85122

5 Beds 3 Baths 2,568 sqft Built 2007

$347,750

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $135.42
  • 7 Days on Market
  • MLS # : 6165965
  • Updated Date : 11/30/2020 at 14:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,568 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Rox Realty

Listing Agent's Description

Home features a formal living room or office as you enter. Entertainer's dream kitchen with loads of cabinets and storage. Island seats four comfortably. Granite counters and upgraded stainless appliances including refrigerator. Two bedrooms and full bath downstairs. Upstairs is master with spacious bath and walk-in closet. Two additional bedrooms share a Jack/Jill bath. Desk niche in hallway. Must see to appreciate the backyard! Pool and heated spa and gas fire pit are the focal point of the yard. Custom landscaping including brick paver patios, artificial turf, pergola and outdoor kitchen. Mature landscaping is AMAZING and creates your own private oasis! Great way to relax at the end of the day. RV gate with storage for flatbed trailer. Fenced dog run on side yard. Owner/Agent

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
 

$312,975$382,525$347,750

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,283
Property Tax -$264
Property Insurance -$77
HOA -$58
Property Management Fees -$99
CASH FLOW
-$411

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.

$347,750

PROJECTED PRICE

$1,370

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,904

INVESTMENT

$97,904

Down Payment
$86,938
Rehab Estimate
$5,750
Closing Costs
$5,216

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,938
Loan Amount $260,813
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$614

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,370

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3703$1,4004$1,500
$1,500
RENT COMPS ANALYSIS
  • 1673 E Elaine Court Casa Grande, AZ 2
    • 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.53
    •  
  • 1852 N Desert Willow Street Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.54
    •  
  • 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
    •  
  • 1466 E Holiday Drive Casa Grande, AZ 4
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.58
    •  
PROPERTY LISTING DETAILS
Beatrice M. Lueck
Coldwell Banker Rox Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165965
Last Updated: 11/30/2020
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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