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1877 N Greenway Lane Casa Grande, AZ 85122

3 Beds 2 Baths 1,788 sqft Built 2005

$239,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.17
  • 4 Days on Market
  • MLS # : 6189900
  • Updated Date : 02/05/2021 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy One

Listing Agent's Description

WOW!!!! This lovely single story home is located on a CORNER lot! Inside it has 3 bedrooms and a DEN! It has been very well cared for and is ready for you to come and make some fantastic new memories in it! Outside there is a spacious backyard and large extended patio! Did I mention the exterior has just been painted? You cannot miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Desert Crossing

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
Cottonwood Elementary School Primary Regular 476 23 3
Casa Grande Middle School Middle Regular 606 32 2
Casa Grande Union High School High Regular 1,731 69 2

Cottonwood Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 23
3
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Casa Grande Union High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 69
2
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$833
Property Tax -$182
Property Insurance -$62
HOA -$47
Property Management Fees -$99
CASH FLOW
-$53

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.

$239,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,278

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,5003$1,545
$1,545
RENT COMPS ANALYSIS
  • 1877 N Greenway Lane Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.65
    •  
  • 739 W Kingman Drive Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 451 E Dartmouth Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jennifer Apodaca, Pllc
Keller Williams Legacy One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189900
Last Updated: 02/05/2021
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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