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2433 N Santa Rosa Drive Casa Grande, AZ 85122

3 Beds 2 Baths 1,453 sqft Built 1999

$215,900

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $148.59
  • 5 Days on Market
  • MLS # : 6153203
  • Updated Date : 10/30/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,453 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

This beauty is a 3-bedroom 2 bath split floor plan. NO HOA! Kitchen appliance stay including the refrigerator! Move in ready with a fully landscaped backyard that is backs up-to the greenbelt! Newer AC, Newer Garage door opener, Solar screens on the windows. Close to town and Shopping, Easy I-10 access. This one won't last long tour today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santa Rosa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Santa Rosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Cactus Middle School Middle Regular 919 39 5
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

Cactus Middle School

  • Education Level: Middle
  • # of students: 919
  • # of teachers: 39
5
GreatSchools Rating

Casa Grande Union High School

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

$194,310$237,490$215,900

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$797
Property Tax -$153
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$114

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.

$215,900

PROJECTED PRICE

$990

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,964

INVESTMENT

$62,964

Down Payment
$53,975
Rehab Estimate
$5,750
Closing Costs
$3,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$797

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,975
Loan Amount $161,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$990
1$990
$990
RENT COMPS ANALYSIS
  • 2433 N Santa Rosa Drive Casa Grande, AZ
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.68
    •  
PROPERTY LISTING DETAILS
Steven A Halen
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153203
Last Updated: 10/30/2020
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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