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19516 W Fawny Lane Casa Grande, AZ 85122

3 Beds 3 Baths 2,287 sqft Built 2003

$450,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $196.76
  • 4 Days on Market
  • MLS # : 6184070
  • Updated Date : 01/23/2021 at 19:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,287 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Incredible opportunity to own this 3bed/2.5bath Santa Fe custom home featuring approx 4 acres of stunning desert landscape horse property. Must see interior is sure to impress w/ terrazzo flooring in wet areas and tile throughout, built in media niche, gorgeous stone fireplace + amazing woodwork. The kitchen would delight any chef w/ sleek black appliances, tile backsplash, double wall ovens + breakfast bar seating. Making it an ideal spot to gather w/ friends + family. Master retreat includes a luxurious en suite w/ dual vanities, soaking tub + separate shower. Amazing backyard entertaining space is complete w/ a covered patio, a built in bbq, a kiva fireplace, a massive warehouse w/rv garage + incredible mountain views. Its the perfect spot to enjoy Arizona outdoors. This one has it all!

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
Cholla Elementary School Primary Regular 418 19 3
Villago Middle School Middle Regular 875 39 6
Casa Grande Union High School High Regular 1,731 69 2

Cholla Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 19
3
GreatSchools Rating

Villago Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 39
6
GreatSchools Rating

Casa Grande Union High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,563
Property Tax -$287
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$540

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.

$450,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.33%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,575
$1,575
RENT COMPS ANALYSIS
  • 19516 W Fawny Lane Casa Grande, AZ 1
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.65
    •  
  • 516 E Wolf Hollow Drive Casa Grande, AZ 2
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2006
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
PROPERTY LISTING DETAILS
Michael Harris
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184070
Last Updated: 01/23/2021
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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