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24432 N Good Pasture Lane Florence, AZ 85132

4 Beds 3 Baths 2,221 sqft Built 2005

$199,757

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $89.94
  • 2 Days on Market
  • MLS # : 6170580
  • Updated Date : 12/12/2020 at 11:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,221 sqft
  • Baths : 2 full , 1 half
Listing Agent

Citicasa Realty, Llc

Listing Agent's Description

2 story home in a Corner lot home with an RV gate. Home needs some cosmetic repairs and it is priced accordingly.Buyer to do verify all information deem important during inspection period.

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
Heartland Ranch Elementary School Primary Regular 491 19 1
Hohokam Middle School Middle Regular 281 13 2
Coolidge High School High Regular 611 33 5

Heartland Ranch Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 19
1
GreatSchools Rating

Hohokam Middle School

  • Education Level: Middle
  • # of students: 281
  • # of teachers: 13
2
GreatSchools Rating

Coolidge High School

  • Education Level: High
  • # of students: 611
  • # of teachers: 33
5
GreatSchools Rating
 

$179,781$219,733$199,757

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$737
Property Tax -$133
Property Insurance -$70
HOA -$54
Property Management Fees -$99
CASH FLOW
$256

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.

$199,757

PROJECTED PRICE

$1,350

PROJECTED RENT

0.68%

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$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$58,686

INVESTMENT

$58,686

Down Payment
$49,939
Rehab Estimate
$5,750
Closing Costs
$2,996

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$737

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,939
Loan Amount $149,818
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$41,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3503$1,4954$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 24432 N Good Pasture Lane Florence, AZ 2
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.61
    •  
  • 24016 N Oasis Boulevard Florence, AZ 1
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2005
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.59
    •  
  • 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
Lazaro Sandoval
Citicasa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170580
Last Updated: 12/12/2020
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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