Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1944 N Loretta Place Casa Grande, AZ 85122

5 Beds 3 Baths 2,298 sqft Built 2006

$290,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $126.20
  • 1 Days on Market
  • MLS # : 6194239
  • Updated Date : 02/14/2021 at 04:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,298 sqft
  • Baths : 3 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

Beautiful pool home that was a former model! Five bedroom home , that includes 2 masters. Upgrades include fireplace ,tile flooring,Granite countertops, pendant lights, bay window in the master, separate tub and shower, walk in closet, water softener,and true pride of ownership. Hurry because this hone won't last!!!-

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Sky Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Desert Sky Ranch

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,007
Property Tax -$220
Property Insurance -$72
HOA -$55
Property Management Fees -$99
CASH FLOW
-$4

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.

$290,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,499

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
  • $1,555

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,5004$1,545
$1,545
RENT COMPS ANALYSIS
  • 1944 N Loretta Place Casa Grande, AZ 1
    • 5 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 489 E White Wing Drive Casa Grande, AZ 2
    • 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.60
    •  
  • 739 W Kingman Drive Casa Grande, AZ 3
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 451 E Dartmouth Drive Casa Grande, AZ 4
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
PROPERTY LISTING DETAILS
Magdalena Butz
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194239
Last Updated: 02/14/2021
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.

BESbswy