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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Tamaron
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tamaron
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,120
LOAN DETAILS
$952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,500 |
| Loan Amount | $193,500 |
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
-
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
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164755
Last Updated: 11/27/2020
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.
