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815 W Kingman Drive Casa Grande, AZ 85122

4 Beds 2 Baths 1,851 sqft Built 2018

$240,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $129.66
  • 1 Days on Market
  • MLS # : 6174712
  • Updated Date : 12/26/2020 at 19:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,851 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Check out this light, bright, and airy 2018 home! Practically brand new with premium espresso stained cabinets in the Kitchen w/ Island and Breakfast Bar. Features 4 bedrooms 2 bathrooms and a Generous Master Closet. Hang out on your covered patio as you turn the backyard into your very own Oasis. Book your showing today, this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Sky Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Desert Sky 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
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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$886
Property Tax -$190
Property Insurance -$63
HOA -$50
Property Management Fees -$99
CASH FLOW
$163

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.

$240,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.60%

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$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$33,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,333

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5454$1,599
$1,599
RENT COMPS ANALYSIS
  • 815 W Kingman Drive Casa Grande, AZ 1
    • 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 739 W Kingman Drive Casa Grande, AZ 2
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2019
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 451 E Dartmouth Drive Casa Grande, AZ 3
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2004
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
  • 619 W Palo Verde Street Casa Grande, AZ 4
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2001
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.73
    •  
PROPERTY LISTING DETAILS
James Patrick Sanson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174712
Last Updated: 12/26/2020
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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