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1925 N Camino Real -- Casa Grande, AZ 85122

3 Beds 2 Baths 1,892 sqft Built 1981

$269,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $142.65
  • 3 Days on Market
  • MLS # : 6202669
  • Updated Date : 03/06/2021 at 21:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Belva's Real Estate, L.l.c.

Listing Agent's Description

Stunning 3 bedroom 2 bath home tucked away in the lovely, well established TIERRA PALMAs community. This upgraded home sits on a large .26 acre corner lot with easy access to the back yard and RV gate. Take a step inside the large front room perfect for warm greetings, positioned just few short paces to the heart of the home. The galley kitchen has a lot of great features: ample cabinetry, granite countertops, restored antique steel plated backsplash, and an added butlers pantry! A walk down the hallway off the spacious living room will lead you to the bedrooms and baths of the home rendering a tasteful split plan. The lucky buyer can enjoy the grand master suite with its own exit to the AZ room and take a step outside to enjoy the absolutely breath-taking back yard. Schedule your tour!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85122

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Zip Code: 85122

ZipNIR 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$937
Property Tax -$205
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$166

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.

$269,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,538

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
  • $1,192

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,599
$1,599
RENT COMPS ANALYSIS
  • 1925 N Camino Real -- Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 627 W Melrose Drive Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1988
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.53
    •  
  • 619 W Palo Verde Street Casa Grande, AZ 3
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.73
    •  
PROPERTY LISTING DETAILS
Clayton Cathemer
Belva's Real Estate, L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202669
Last Updated: 03/06/2021
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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