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$315,000

For Sale - Active
1156 E Brenda Dr, Casa Grande, AZ 85122
3 Beds
2 Baths
2,282 Square Feet
0.20 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 20, 2025 at 05:18PM

Investment Summary


Monthly Cash Flow
-$194
Cap Rate
4.9%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.9%

Property Description


0.20 Acres Lot
Built in 1976
For Sale - Active
Units n/a

Brimming with vintage charm, this Casa Bonita gem sits on a unique corner lot that curves with the street, offering standout curb appeal and a spacious feel. Inside, you'll find a 3 bed, 2 bath layout with formal living and dining rooms, plus a bonus family room that wraps around the back of the home—ideal for relaxing, entertaining, or everyday living. The kitchen connects the living areas and flows easily to the patio and garage. Yes, it's dated—but full of personality and potential. Bring your vision to revive the retro details or embrace its original character. The large covered patio and low-maintenance backyard complete the package. Homes like this don't come around often!

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Location


Property Details


Parking

  • Description: Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 505390440
  • Lot Size: 8658 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1976

Tax Information

  • Annual Tax: $990

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Pinal

Listing Details


Listed by:
Melissa Yost Fuentes
RE/MAX Casa Grande
(520) 431-8130

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6858816
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$194
Cap Rate
4.9%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.9%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
2,282
Cost per square foot:
$138
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,491
Property tax:
$83
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,714

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$83-$990
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$583-$6,990

Cash Flow


Monthly Yearly
Net operating income:
$1,297 $15,564
Mortgage payments:
-$1,491 -$17,892
Cash flow:
$194 $2,328