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305 W Settlers Trail Casa Grande, AZ 85122

5 Beds 3 Baths 2,257 sqft Built 2004

$280,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $124.06
  • 2 Days on Market
  • MLS # : 6212909
  • Updated Date : 03/28/2021 at 05:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,257 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Legacy One

Listing Agent's Description

Looking for an oversized corner lot home? This is it! Home features 5 bedrooms, 3 baths: a bedroom and full bath downstairs for your guest. Living room, kitchen with a peninsula island, corian countertops, walk-in pantry. Spacious loft upstairs, great size bedrooms, french door to the master bedroom, walk-in closet, double sinks with vanity in master bathroom. 2 tone paint and ceiling fans throughout. Huge backyard for you to build a pool so you can enjoy it this summer! Hurry and see this home before it's too late!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ghost Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ghost 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
Saguaro Elementary School Primary Regular 516 25 2
Villago Middle School Middle Regular 875 39 6
Casa Grande Union High School High Regular 1,731 69 2

Saguaro Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 25
2
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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$973
Property Tax -$199
Property Insurance -$71
HOA -$56
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.

$280,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$26,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,918

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5753$1,700
$1,700
RENT COMPS ANALYSIS
  • 305 W Settlers Trail Casa Grande, AZ 1
    • 5 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.67
    •  
  • 516 E Wolf Hollow Drive Casa Grande, AZ 2
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2006
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 3198 N Excursion Lane Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2020
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Marybel B Acosta
Keller Williams Legacy One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212909
Last Updated: 03/28/2021
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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