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11207 N Teller Drive Fountain Hills, AZ 85268

4 Beds 3 Baths 3,022 sqft Built 1992

$625,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $206.82
  • 8 Days on Market
  • MLS # : 6157954
  • Updated Date : 11/13/2020 at 16:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,022 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Lovely single family home up on a ridge with great mountain views. Great curb appeal with mature landscaping front and back. This home is a split floorplan with 4 bedrooms, 2.5 baths, living room with a stacked stone gas fireplace, formal dining and a spacious kitchen with eat in area taking in the breathtaking views of Red Rock and the surrounding mountains. Plantation shutters in living and dining rooms and also master bedroom. Master has his and her closets, a double walk in Shower and lots of storage in master bath. Enjoy views of the famous fountain from the huge covered back patio. Very private. Huge 3 Car Garage with Built in Cabinets. Newer Roof, Water Softener and Reverse Osmosis. Electric Cooktop new in 2020.

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 Middle School Middle Regular 372 22 7
Fountain Hills High School High Regular 617 31 7

Four Peaks Elementary School

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

Fountain Hills Middle School

  • Education Level: Middle
  • # of students: 372
  • # of teachers: 22
7
GreatSchools Rating

Fountain Hills High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,306
Property Tax -$313
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$554

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.

$625,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.36%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,463

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2503$2,4994$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 11207 N Teller Drive Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 11072 N Valley Drive Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1973
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 17031 E Lema Circle Fountain Hills, AZ 3
    • 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
    •  
  • 15953 E Cholla Drive Fountain Hills, AZ 4
    • 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 16129 E Trevino Drive Fountain Hills, AZ 5
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Tina M. Nabers
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157954
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.

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