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614 E Silver Reef Road Casa Grande, AZ 85122

3 Beds 2 Baths 1,955 sqft Built 1976

$259,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Executive Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Executive Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8271567

* 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
 

$233,910$285,890$259,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

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

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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

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
$1,090
1$1,090
$1,090
RENT COMPS ANALYSIS
  • 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
Amanda Williams
Advantage Realtors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195315
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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