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2441 E Firerock Drive Casa Grande, AZ 85194

3 Beds 2 Baths 2,156 sqft Built 2005

$345,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.02
  • 7 Days on Market
  • MLS # : 6179553
  • Updated Date : 01/12/2021 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full
Listing Agent

Elite Real Estate Pros

Listing Agent's Description

You will not believe your eyes! This home & all the upgrades will surpass all your expectations. The stamped concrete and the welcoming courtyard with solar lights is just the beginning. Upon entry you will be overwhelmed at all the love and care that was put into this home. Tile flooring throughout, custom interior paint, shutters, Granite counter-tops, back splash, extended pantry, New Marvin fiberglass windows w/lifetime warranty, pendant lighting, 4 skylights, whole house water filtration, Bay windows in master & guest room, insulated heat/cool garage w/epoxy flooring. You will be amazed as you walk through the new French doors to the screened South facing back patio. Back yard includes cool decking, new fans, water feature, & mature citrus trees. Upgrade list in docs, call today!

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,198
Property Tax -$293
Property Insurance -$69
HOA -$38
Property Management Fees -$99
CASH FLOW
$123

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.

$345,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$29,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,850
$1,850
RENT COMPS ANALYSIS
  • 2441 E Firerock Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 2403 E Alida Trail Casa Grande, AZ 3
    • 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
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 #: 6179553
Last Updated: 01/12/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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