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1777 E Oquitoa Drive Casa Grande, AZ 85122

4 Beds 3 Baths 3,445 sqft Built 2006

$349,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $101.31
  • 2 Days on Market
  • MLS # : 6212705
  • Updated Date : 03/26/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,445 sqft
  • Baths : 3 full
Listing Agent

Mutual Property Advisors, Llc

Listing Agent's Description

-4 BEDROOM WITH POOL- HIGHLY UPGRADED HOME ON AN OVERSIZED CORNER LOT - BONUS ROOM - LOFT - BEAUTIFUL POOL WITH WATER FEATURES - THEATRE SURROUND SOUND AND PRE-WIRED ENTERTAINMENT CENTER IN GREAT ROOM AND MASTER BEDROOM - LARGE OPEN KITCHEN AND GREAT ROOM PERFECT FOR ENTERTAINING!

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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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,212
Property Tax -$247
Property Insurance -$94
HOA -$44
Property Management Fees -$99
CASH FLOW
$303

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.

$349,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.57%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$50,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,653

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,650
$2,650
RENT COMPS ANALYSIS
  • 1777 E Oquitoa Drive Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1576 E Palo Verde Drive Casa Grande, AZ 2
    • 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 2007
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Michael Jeklinski, Jr
Mutual Property Advisors, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212705
Last Updated: 03/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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