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426 E Providence Drive Casa Grande, AZ 85122

3 Beds 2 Baths 2,230 sqft Built 1987

$274,500

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $123.09
  • 3 Days on Market
  • MLS # : 6176212
  • Updated Date : 01/01/2021 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,230 sqft
  • Baths : 2 full
Listing Agent

Hawkins & Associates Realty, Inc.

Listing Agent's Description

HERE'S WHAT YOU HAVE BEEN WAITING FOR!! Exceptional home w/no HOA & meticulously cared for. New ext. paint approx. 2 yrs ago, brand new int. 2 tone paint. Gorgeous new wood grain upgraded luxury vinyl plank flooring on main floor, new carpeted stairs. Kitchen features solid surface counters, new range, dishwasher, tile backsplash, faucets & hardware. Split BR plan w/master having French doors to back patio. Like new master bath w/new DBL vanity & faucets. Huge, finished basement can serve as an additional BR, fabulous FR or both plus has a brick fireplace, room for it all. Enjoy the outdoor Oasis under your shaded covered patio w/bubbling fountain surrounded by a beautifully landscaped backyard, all on an upgraded drip system. Now add an extended 2 car garage. Truly one-of-a-kind.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: College Park

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
Cottonwood Elementary School Primary Regular 476 23 3
Casa Grande Middle School Middle Regular 606 32 2
Casa Grande Union High School High Regular 1,731 69 2

Cottonwood Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 23
3
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Casa Grande Union High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 69
2
GreatSchools Rating
 

$247,050$301,950$274,500

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,013
Property Tax -$209
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$49

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.

$274,500

PROJECTED PRICE

$1,440

PROJECTED RENT

0.52%

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) 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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$78,493

INVESTMENT

$78,493

Down Payment
$68,625
Rehab Estimate
$5,750
Closing Costs
$4,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,013

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,625
Loan Amount $205,875
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,030

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
  • $1,561

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5454$1,599
$1,599
RENT COMPS ANALYSIS
  • 426 E Providence Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 625 W Silver Reef Court Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2003
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 451 E Dartmouth Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
  • 619 W Palo Verde Street Casa Grande, AZ 4
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.73
    •  
PROPERTY LISTING DETAILS
Nancy Hawkins
Hawkins & Associates Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176212
Last Updated: 01/01/2021
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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