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215 W Key West Drive Casa Grande, AZ 85122

4 Beds 3 Baths 3,116 sqft Built 2007

$350,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $112.32
  • 2 Days on Market
  • MLS # : 6163530
  • Updated Date : 11/21/2020 at 10:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,116 sqft
  • Baths : 2 full , 1 half
Listing Agent

Az New Horizon Realty

Listing Agent's Description

This is a beautiful 4 bedroom 2.5 bath with 3 car garage home in the popular Villago Subdivision. Home has upgraded security doors. Kitchen consists of spacious 42' cabinets w/crown molding, black appliances and granite counter tops. There is tile, ceramic flooring and new carpet in all the right places, ceiling fans and plantation shutters throughout. The great room has built in entertainment center that divides the formal dining/great room. Upstairs the French doors lead to the large master bedroom with sitting room, walk in closet and double sink vanity in master bathroom with separate gorgeous shower and tub. You can enjoy the view from the balcony!! Home has a full length covered patio, beautiful tall pine trees and palm trees that surround the sparkling pool! Won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villago

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k310k

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

Neighborhood: Villago

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
Mccartney Ranch Elementary School Primary Regular 714 32 6
Villago Middle School Middle Regular 875 39 6
Casa Grande Union High School High Regular 1,731 69 2

Mccartney Ranch Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 32
6
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,291
Property Tax -$301
Property Insurance -$88
HOA -$52
Property Management Fees -$99
CASH FLOW
-$321

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.

$350,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,800
$1,800
RENT COMPS ANALYSIS
  • 215 W Key West Drive Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.48
    •  
  • 655 W Rattlesnake Place Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2003
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.57
    •  
PROPERTY LISTING DETAILS
Enrique Viezcas
Az New Horizon Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163530
Last Updated: 11/21/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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