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3976 N Spring Mountain Trail Casa Grande, AZ 85122

4 Beds 3 Baths 2,257 sqft Built 2006

$250,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $110.77
  • 2 Days on Market
  • MLS # : 6176311
  • Updated Date : 01/02/2021 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Model Perfect Homes

Listing Agent's Description

1- BEDROOM DOWNSTAIRS, DOWNSTAIRS FULL BATH. Great curb appeal with low maintenance desert landscaping. Lovely 4 bed, 3 baths. Spacious open floor plan with tile floors. Recessed in- ceiling speakers in Great room The kitchen has oak cabinets, white appliances, beautiful granite counters, breakfast bar seating and a pantry. Large loft has many possibilities! Laundry is conveniently located upstairs. Generous sized bedrooms. The master has a 3/4 bath and walk-in closet. The large backyard has a patio, BBQ area with sink, and nice lawn area for the kids & pets to play! Close to shopping and the I-10.

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$922
Property Tax -$177
Property Insurance -$71
HOA -$56
Property Management Fees -$99
CASH FLOW
$334

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.

$250,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$54,417

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
  • $1,828

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,575
$1,575
RENT COMPS ANALYSIS
  • 3976 N Spring Mountain Trail Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
PROPERTY LISTING DETAILS
Anthony Epifanio Mendoza
Model Perfect Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176311
Last Updated: 01/02/2021
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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