Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

23725 N High Dunes Drive Florence, AZ 85132

4 Beds 3 Baths 2,011 sqft Built 2002

$325,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $161.61
  • 2 Days on Market
  • MLS # : 6187774
  • Updated Date : 01/30/2021 at 08:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,011 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

Move in ready & WOW look at that view! While the full length balcony cannot be missed, this property has other great features too... loft, 4 bed 2.5 bath, walk in pantry, 2012 remodel, tile downstairs, fresh paint, new roof, new A/C, insulated garage door and a double width back gate. No neighbors behind and a beautifully landscaped back yard with full length covered back patio and a fabulous covered balcony stretching across the home allowing you to see nothing but landscape for over 50 miles with a master bedroom exit... imagine that. Property being offered fully furnished, cash or strong conventional only as neighborhood sales do not reflect supply, demand or accurate market value, FIRPTA applies. Schedule your showing today and move in ASAP!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85132

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Zip Code: 85132

ZipNIR 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
Florence High School High Regular 778 41 4

Florence High School

  • Education Level: High
  • # of students: 778
  • # of teachers: 41
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$1,129
Property Tax -$175
Property Insurance -$66
HOA -$52
Property Management Fees -$99
CASH FLOW
-$311

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.

$325,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,3753$1,4954$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 23725 N High Dunes Drive Florence, AZ 1
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.60
    •  
  • 5771 E Everhart Lane Florence, AZ 2
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.68
    •  
  • 6636 E Escape Avenue Florence, AZ 3
    • 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 23841 N Mirage Avenue Florence, AZ 4
    • 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2013
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 23760 N Greer Loop Florence, AZ 5
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2010
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
PROPERTY LISTING DETAILS
John F. Ervin
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187774
Last Updated: 01/30/2021
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.

BESbswy