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11000 N Buffalo Drive Fountain Hills, AZ 85268

5 Beds 3 Baths 3,587 sqft Built 2000

$850,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $236.97
  • 1 Days on Market
  • MLS # : 6260388
  • Updated Date : 07/13/2021 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,587 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This spectacular 5 bedroom 3 bath Fountain Hills Home sits on just under an acre with incredible mountain views from nearly every room. The home backs to a beautiful wash with unobstructed views from your oversized balcony. The backyard boasts a sparkling pebble tech pool, fire pit and separate fenced in grass area. The bright chefs kitchen is sure to please with granite countertops, breakfast bar, large pantry, stainless steel appliances and built in microwave. Upstairs you have 3 spacious bedrooms with a large open floor plan kitchen/living area. Downstairs has a large secondary en suite, an additional bedroom and a bonus area that could be used as a play room, secondary living room or gym. Ample storage space in this home! You don't want to miss this home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k408k

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

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452077

* 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
Four Peaks Elementary School Primary Regular 243 9 6
Fountain Hills High School High Regular 617 31 7
Four Peaks Elementary School Primary Unknown NA

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,952
Property Tax -$426
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$675

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.

$850,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,593

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
  • $3,444

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5013$4,250
$4,250
RENT COMPS ANALYSIS
  • 11000 N Buffalo Drive Fountain Hills, AZ 1
    • 5 beds 3 baths ∙ 3,587 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,587 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16308 E Trevino Drive Fountain Hills, AZ 2
    • 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
    •  
  • 12631 N Sumac Drive Fountain Hills, AZ 3
    • 4 beds 3 baths ∙ 3,505 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,505 Sqft ∙ Built 1999
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.21
    •  
PROPERTY LISTING DETAILS
Molly Rundle
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6260388
Last Updated: 07/13/2021
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.

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