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2530 N Abbey Road Casa Grande, AZ 85122

4 Beds 3 Baths 2,275 sqft Built 2021

$357,221

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $157.02
  • 1 Days on Market
  • MLS # : 6213338
  • Updated Date : 03/27/2021 at 20:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,275 sqft
  • Baths : 2 full , 1 half
Listing Agent

K. Hovnanian Great Western Homes, Llc

Listing Agent's Description

Here's your opportunity to own a brand new home, without the wait!!! This Victory Quick Move-In features 2,275 square feet, with a Den and Powder Room on the main level and 4 Bedrooms, 2 bathrooms, loft and laundry on the second level. Plenty of room for the entire family! The home has been tastefully upgraded with Espresso Shaker Cabinetry and Granite Countertops. The home will be complete and ready for a June 2021 move-in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McCartney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k309k

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

Neighborhood: McCartney Ranch

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
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
 

$321,499$392,943$357,221

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,241
Property Tax -$253
Property Insurance -$72
HOA -$60
Property Management Fees -$99
CASH FLOW
-$485

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$357,221

PROJECTED PRICE

$1,240

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 3.00%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$96,664

INVESTMENT

$96,664

Down Payment
$89,305
Rehab Estimate
$2,000
Closing Costs
$5,358

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,241

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,305
Loan Amount $267,916
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$64

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3253$1,4754$1,500
$1,500
RENT COMPS ANALYSIS
  • 2530 N Abbey Road Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.55
    •  
  • 108 W Rio Drive Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.52
    •  
  • 489 E White Wing Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,440 Sqft ∙ Built 2006
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.60
    •  
  • 739 W Kingman Drive Casa Grande, AZ 4
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
PROPERTY LISTING DETAILS
Chad Fuller
K. Hovnanian Great Western Homes, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213338
Last Updated: 03/27/2021
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.

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