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24318 N High Dunes Drive Florence, AZ 85132

4 Beds 3 Baths 2,221 sqft Built 2006

$230,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $103.56
  • 5 Days on Market
  • MLS # : 6153711
  • Updated Date : 10/30/2020 at 10:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,221 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Home Brokerage

Listing Agent's Description

Very clean and move in ready. This fully furnished home offers 4 bedroom, 2.5 bathrooms, spacious kitchen with tons of storage, Huge loft backs to open common area space with no neighbors behind or in front. Incredible botanical garden style backyard.

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
 

$207,000$253,000$230,000

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 -$849
Property Tax -$144
Property Insurance -$70
HOA -$52
Property Management Fees -$99
CASH FLOW
-$4

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.

$230,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.53%

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$800k

PROJECTED ANNUAL CASH FLOW

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

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,309

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
  • $0.54

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1953$1,2104$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 24318 N High Dunes Drive Florence, AZ 3
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.54
    •  
  • 6718 E Stacy Street Florence, AZ 1
    • 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.50
    •  
  • 6698 E Summerset Road Florence, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.54
    •  
  • 6636 E Escape Avenue Florence, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mark Smith
Arizona Home Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153711
Last Updated: 10/30/2020
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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