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1678 E Jahns Drive Casa Grande, AZ 85122

3 Beds 2 Baths 2,021 sqft Built 2006

$258,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.66
  • 3 Days on Market
  • MLS # : 6164755
  • Updated Date : 11/27/2020 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,021 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Great opportunity for this single level home with over 2,000 square feet. This home has great curb appeal with stone elevation. This Open floorplan has upgraded flooring, large kitchen island, stainless steel appliances, kitchen pantry, and a built in tech area. Large master bedroom with a walk-in closet, dual sinks, and separate shower/tub combo. Backyard has great space with a covered patio. AND don't forget this Home has Solar that is owned and not leased. Make this your new home.

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
 

$232,200$283,800$258,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$952
Property Tax -$201
Property Insurance -$67
HOA -$58
Property Management Fees -$99
CASH FLOW
-$97

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.

$258,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$74,120

INVESTMENT

$74,120

Down Payment
$64,500
Rehab Estimate
$5,750
Closing Costs
$3,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,500
Loan Amount $193,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2803$1,300
$1,300
RENT COMPS ANALYSIS
  • 1678 E Jahns Drive Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.63
    •  
  • 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
    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
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.73
    •  
PROPERTY LISTING DETAILS
Alan Brown
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164755
Last Updated: 11/27/2020
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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