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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $249.90
- 2 Days on Market
- MLS # : 6165463
- Updated Date : 11/27/2020 at 19:04
CONSTRUCTION
- Beds : 4
- Floor Size : 3,401 sqft
- Baths : 3 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Functionality meets convenience with this spectacular Fountain Hills Home on 1.3 acres. Live single level with no steps from the front door to the pool! Enjoy incredible views of Red Mountain from nearly every room. Step inside and instantly notice walls of glass and a open concept great room with fireplace. The bright chefs kitchen is sure to please with granite countertops, breakfast bar, large pantry, stainless steel appliances, dual wall ovens, and built in microwave. The master retreat is sure to inspire rejuvenation with ample space, sitting area, private pool/patio access, dual raised vanities, water closet, lush soaking tub, separate shower with glass door, and oversized walk-in closet. Completing the main level, two bedrooms with Jack & Jill en-suite are perfect for guests or
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PRICE & RENT TRENDS
Neighborhood: Fountain Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$3,136 |
| Property Tax | -$426 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,174
|
||
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.
$849,900
PROJECTED PRICE
$2,580
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,974
LOAN DETAILS
$3,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,475 |
| Loan Amount | $637,425 |
0.25
YEARS SAVED
$315
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
-
$2,806
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
10800 N Buffalo Drive Fountain Hills, AZ 1
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- Rent Per SQFT
- $0
- $0.00
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17031 E Lema Circle Fountain Hills, AZ 2
- 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,499
- $0.78
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16308 E Trevino Drive Fountain Hills, AZ 3
- 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1984
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,501
- $0.71
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16030 E Seminole Lane Fountain Hills, AZ 4
- 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2005
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,995
- $0.89
-
15346 E Palomino Boulevard Fountain Hills, AZ 5
- 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994
LEASED 05/21/20- Rent
- Rent Per SQFT
- $3,100
- $0.92
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165463
Last Updated: 11/27/2020
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.
