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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $220.33
- 3 Days on Market
- MLS # : 6196637
- Updated Date : 02/19/2021 at 19:49
CONSTRUCTION
- Beds : 2
- Floor Size : 1,702 sqft
- Baths : 2 full
Listing Agent
Elite Real Estate Pros
Listing Agent's Description
This is the home you have been dreaming about! From the moment you drive up you will be amazed at all the custom & unique features. Step through the security door and you will notice the hand scraped Hickory wood flooring, beautiful interior paint, solar tubes, and recessed lighting. The kitchen is definitely built for entertaining and includes Stainless Steel appliances, Granite counter-tops, tiled backsplash, staggered cabinetry w/hardware & pull outs. Master en-suite has large walk in shower, raised dual sink vanity w/drawers & marble counter-tops. You will experience resort living at its finest from your covered back patio w/Travertine, Pergola, electric sun shades, built in BBQ and so much more! You MUST call now for your private showing! This home will not last long!
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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 | $1,340 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$319 | |
| Property Insurance | -$60 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$478
|
||
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.
$375,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.36%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
0.25
YEARS SAVED
$135
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,396
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
3 N Agua Fria Lane Casa Grande, AZ 2
- 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,340
- $0.79
-
34 N Pamplona Lane Casa Grande, AZ 1
- 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
LEASED 01/21/21- Rent
- Rent Per SQFT
- $1,250
- $0.82
PROPERTY LISTING DETAILS
Elite Real Estate Pros
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196637
Last Updated: 02/19/2021
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.
