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521 E White Wing Drive Casa Grande, AZ 85122

4 Beds 3 Baths 2,758 sqft Built 2006

$354,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $128.35
  • 73 Days on Market
  • MLS # : 6154139
  • Updated Date : 12/17/2020 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,758 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Wow!! Just gorgeous! Recently updated and completely remodeled. This 2700+ sq ft, 4 bed/2.5 bath w/ loft home is located in McCartney Ranch, close to what many consider the top public schools in Casa Grande. Sits on a large lot of 8500 sq ft. This open floorplan has too many updates and features to list. New floors include ceramic wood tile and plush carpet. Fresh interior paint. All new kitchen includes quartz counters, new self-closing cabinets, deep sink and stainless steel appliances. All 3 bathrooms are remodeled too. Downstairs master suite includes walk-in shower, separate tub, double sinks, and his/hers walk-in closets. Other features include high flat ceilings, large laundry and huge loft. Grass in front and back. Covered patio in the back as well. Schedule your showing soon!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McCartney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k309k

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

Neighborhood: McCartney 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
Mccartney Ranch Elementary School Primary Regular 714 32 6
Villago Middle School Middle Regular 875 39 6
Casa Grande Union High School High Regular 1,731 69 2

Mccartney Ranch Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 32
6
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
 

$318,600$389,400$354,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,230
Property Tax -$251
Property Insurance -$81
HOA -$60
Property Management Fees -$99
CASH FLOW
-$391

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.

$354,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.38%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$99,560

INVESTMENT

$99,560

Down Payment
$88,500
Rehab Estimate
$5,750
Closing Costs
$5,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,230

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,500
Loan Amount $265,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3303$1,5954$1,595
$1,595
RENT COMPS ANALYSIS
  • 521 E White Wing Drive Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.48
    •  
  • 108 W Rio Drive Casa Grande, AZ 1
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.52
    •  
  • 1469 E Avenida Isabela -- Casa Grande, AZ 3
    • 4 beds 3 baths ∙ 2,925 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,925 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.55
    •  
  • 583 W Racine Loop Casa Grande, AZ 4
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.56
    •  
PROPERTY LISTING DETAILS
David Hancock
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154139
Last Updated: 12/17/2020
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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