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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $130.55
- 6 Days on Market
- MLS # : 6164451
- Updated Date : 12/18/2020 at 13:44
CONSTRUCTION
- Beds : 3
- Floor Size : 2,183 sqft
- Baths : 2 full
Listing Agent
Elite Real Estate Pros
Listing Agent's Description
This single story home located in the popular Mission Royale Water Park Community won't last long. Features 3 bedrooms, 2 bathrooms, Den, Formal Dining Room, Great Room floorplan, spacious open kitchen with Corian countertops, undermount sink, island seating, upgraded cabinetry, gas stove, recessed lighting, ceiling fans, and smart home upgrades throughout to include Nest, lighting controls and more! 9' flat ceiling throughout to keep your utility costs down! Spacious master suite dual sinks, garden tub and walk-in shower with seat, with french door access to your backyard oasis that you can pick out and design yourself! See attached design ideas for your backyard.
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PRICE & RENT TRENDS
Neighborhood: Mission Royale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Royale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$242 | |
| Property Insurance | -$70 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$346
|
||
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.
$285,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
11.42
YEARS SAVED
$57,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,118
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
221 S Mission Abo Lane Casa Grande, AZ 2
- 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,900
- $0.87
-
2403 E Alida Trail Casa Grande, AZ 1
- 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2020
LEASED 12/13/20- Rent
- Rent Per SQFT
- $1,850
- $0.97
PROPERTY LISTING DETAILS
Elite Real Estate Pros
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164451
Last Updated: 12/18/2020
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.
