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609 W Casa Mirage Drive Casa Grande, AZ 85122

3 Beds 2 Baths 1,659 sqft Built 2000

$210,000

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $126.58
  • 2 Days on Market
  • MLS # : 6160428
  • Updated Date : 11/13/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,659 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Immaculate 3 bedroom, 2 bath home that has been well taken care of and it shows. This living room welcomes you with stunning porcelain tile that carries into the adjoining kitchen. The kitchen offers granite countertops, eat in area, large walk-in pantry, and is flooded with natural light. Split floor plan with the large owner suite offering a walk in closet and beautiful step in shower. The covered back patio leaves even more room for an outdoor listing space that overlooks the luscious greenbelt that the home backs up to. See this one right away, it's going to be gone quick!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Casa Mirage

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
Cholla Elementary School Primary Regular 418 19 3
Cactus Middle School Middle Regular 919 39 5
Casa Grande Union High School High Regular 1,731 69 2

Cholla Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 19
3
GreatSchools Rating

Cactus Middle School

  • Education Level: Middle
  • # of students: 919
  • # of teachers: 39
5
GreatSchools Rating

Casa Grande Union High School

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

$189,000$231,000$210,000

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$775
Property Tax -$152
Property Insurance -$60
HOA -$20
Property Management Fees -$99
CASH FLOW
-$125

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.

$210,000

PROJECTED PRICE

$980

PROJECTED RENT

0.47%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$980
1$980
$980
RENT COMPS ANALYSIS
  • 609 W Casa Mirage Drive Casa Grande, AZ
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.59
    •  
PROPERTY LISTING DETAILS
Fred P Weaver Iv
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160428
Last Updated: 11/13/2020
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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