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

2412 E Fiesta Drive Casa Grande, AZ 85194

3 Beds 2 Baths 2,135 sqft Built 2006

$385,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $180.33
  • 2 Days on Market
  • MLS # : 6263346
  • Updated Date : 07/12/2021 at 20:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Elite Real Estate Pros

Listing Agent's Description

Stop looking! This 108 model wash lot home has everything you've been looking for! From first glance you can picture yourself sipping on your morning coffee on the lovely front courtyard. Upon entry you can see all the love and care that has been put into this home. Features include 3 bedrooms, 2 bathrooms, den, diagonal tile throughout, pendant lights, and ceiling fans. Kitchen has Engineered stone counters, tiled backsplash, RO, pendant lights, and lots of cabinetry. French doors lead to the master bedroom that includes Bay window. Garage includes built in cabinets, work bench, epoxy flooring, water softener & utility door. Backyard is fully fenced, includes BBQ area, water features & epoxy flooring. Can be purchased turn key. Inquire for details.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Royale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k308k

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

Neighborhood: Mission Royale

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
Palo Verde Elementary School Primary Regular 465 22 4
Casa Grande Middle School Middle Regular 606 32 2
Vista Grande High Regular 1,907 68 3

Palo Verde Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 22
4
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,337
Property Tax -$327
Property Insurance -$69
HOA -$38
Property Management Fees -$99
CASH FLOW
-$310

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.

$385,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6953$1,790
$1,790
RENT COMPS ANALYSIS
  • 2412 E Fiesta Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.73
    •  
  • 220 N Sunset Circle Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 2367 E Santa Ynez Drive Casa Grande, AZ 3
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2021
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
PROPERTY LISTING DETAILS
Julie Patricia Schilling
Elite Real Estate Pros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263346
Last Updated: 07/12/2021
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