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PROPERTY INFO
FACTS
- Single Family
- Built In 1930
- Price/Sqft : $166.09
- 3 Days on Market
- MLS # : 6193687
- Updated Date : 02/12/2021 at 20:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,324 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Fantastic opportunity - rare 1930s home w separate entrance quarters! Main home 2bed/2bath Attractive light and bright open layout! Fresh interior/exterior paint! Nice sized master bedroom and generous secondary bedrooms! Wood burning fireplace in the living room and gas stove in the kitchen. The separate entrance quarters is a 1bed/1bath with mini kitchen and bathroom! Extended family, mother in law quarters, well-behaved teenager or rental income???New roof. Ample storage and rear RV gates. A true, historical gem. Buyer or Buyer's agent to verify all facts and figures.
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PRICE & RENT TRENDS
Neighborhood: Evergreen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Evergreen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$167 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$147
|
||
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.
$219,900
PROJECTED PRICE
$1,230
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.6% |
| 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
$64,024
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
8.75
YEARS SAVED
$26,281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,403
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
919 N Gilbert Avenue Casa Grande, AZ 2
- 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1930
- Rent
- Rent Per SQFT
- $1,230
- $0.93
-
908 N Center Avenue Casa Grande, AZ 1
- 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1934 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1934
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,200
- $1.06
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193687
Last Updated: 02/12/2021
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.
