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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $132.94
- 3 Days on Market
- MLS # : 6195315
- Updated Date : 02/20/2021 at 14:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,955 sqft
- Baths : 1 full , 1 half
Listing Agent
Advantage Realtors
Listing Agent's Description
Sharp, totally remodeled in 2018, three bedroom, 1.75 bath, spacious floor plan with pool. Kitchen boasts new stainless appliances, walk-in pantry, island and tons of cabinet space. Cabinets have self-closing drawers and a large lazy susan. Three bedrooms, two including the master have walk-in closets. There is a 400 square foot office or bonus room, both bathrooms are remodeled, ceiling fans throughout, and new contemporary carpet and tile. You will have to see it to believe it at this price point. Open House Saturday February 20, 10am to 1pm and Sunday February 21, 1pm to 3pm.
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PRICE & RENT TRENDS
Neighborhood: Executive Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Executive Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,090 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$197 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$174
|
||
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.
$259,900
PROJECTED PRICE
$1,090
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
2.17
YEARS SAVED
$3,672
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,090
LIST RENT -
$0.56
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
614 E Silver Reef Road Casa Grande, AZ
- 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,090
- $0.56
PROPERTY LISTING DETAILS
Advantage Realtors
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195315
Last Updated: 02/20/2021
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.
