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81 S Seville Lane Casa Grande, AZ 85194

2 Beds 2 Baths 1,434 sqft Built 2004

$282,500

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $197.00
  • 5 Days on Market
  • MLS # : 6201731
  • Updated Date : 03/03/2021 at 19:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,434 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Hurry, this one will go fast! Come and relax in your heated pool with beautiful sunset & golf course views! This 2 bedroom 2 bath has new carpet in the bedrooms, new tile in the master bath, open concept & split floor plan with quartz counter tops. The a/c unit was new in 2018 and the pool heater in 2020. This is one of the largest lots in Mission Royale and a real find!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Royale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k308k

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

Neighborhood: Mission Royale

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
Palo Verde Elementary School Primary Regular 465 22 4
Casa Grande Middle School Middle Regular 606 32 2
Vista Grande High Regular 1,907 68 3

Palo Verde Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 22
4
GreatSchools Rating

Casa Grande Middle School

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

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$981
Property Tax -$287
Property Insurance -$55
HOA -$38
Property Management Fees -$99
CASH FLOW
-$290

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.

$282,500

PROJECTED PRICE

$1,170

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$981

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,176

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,250
$1,250
RENT COMPS ANALYSIS
  • 81 S Seville Lane Casa Grande, AZ 1
    • 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.82
    •  
  • 34 N Pamplona Lane Casa Grande, AZ 2
    • 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.82
    •  
PROPERTY LISTING DETAILS
Gretchen Slaughter
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201731
Last Updated: 03/03/2021
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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