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3 N Agua Fria Lane Casa Grande, AZ 85194

2 Beds 2 Baths 1,702 sqft Built 2009

$375,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
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!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

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

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-$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

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
$1,250
1$1,2502$1,340
$1,340
RENT COMPS ANALYSIS
  • 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
Chad Crimmins
Elite Real Estate Pros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196637
Last Updated: 02/19/2021
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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