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

24122 N High Dunes Drive Florence, AZ 85132

3 Beds 2 Baths 1,281 sqft Built 2007

$190,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $148.32
  • 5 Days on Market
  • MLS # : 6159000
  • Updated Date : 11/13/2020 at 12:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,281 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens Real Estate Move Time Realty

Listing Agent's Description

Great floor plan in this better than new, well maintained home. You'll love the bright, natural light and spacious feel and notice how clean and well organized the home is. The home has had only 1 owner and has been used as a seasonal home. This meticulously kept, beautiful home is being offered fully furnished on a separate bill of sale. Just pack your bags and move right in. Great opportunity for first time home buyers or snow birds. Huge yard backing on to the green space with lovely shade trees and low maintenance crushed granite.

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
Anthem K-8 School Primary Regular 826 37 4
Anthem K-8 School Middle Regular 826 37 4
Anthem K-8 School High Regular 826 37 4

Anthem K-8 School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: Middle
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating

Anthem K-8 School

  • Education Level: High
  • # of students: 826
  • # of teachers: 37
4
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$701
Property Tax -$111
Property Insurance -$52
HOA -$52
Property Management Fees -$99
CASH FLOW
$95

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.

$190,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.58%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$22,722

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
  • $1,217

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1703$1,1954$1,1955$1,350
$1,350
RENT COMPS ANALYSIS
  • 24122 N High Dunes Drive Florence, AZ 1
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6761 E Quiet Retreat -- Florence, AZ 2
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2003
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.91
    •  
  • 6775 E Shamrock Street Florence, AZ 3
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2007
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.92
    •  
  • 6703 E San Tan Way Florence, AZ 4
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
  • 24442 N Shelton Way Florence, AZ 5
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Laurel M. Luzzi
Better Homes & Gardens Real Estate Move Time Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159000
Last Updated: 11/13/2020
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.

BESbswy