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11615 N Walapai Circle Fountain Hills, AZ 85268

3 Beds 3 Baths 2,585 sqft Built 1979

$700,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $270.79
  • 2 Days on Market
  • MLS # : 6168061
  • Updated Date : 12/04/2020 at 20:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Peaceful sanctuary with views of the Mazatzal's and Four Peaks. Sitting on 1. 3 acres. Outdoor living at its finest, pebble finish pool, gazebo, and large covered patio w/ wood plank ceiling. Updated and upgraded Kitchen offers shaker cabinetry, granite counters, SS KitchenAid Double Ovens, Dishwasher, Induction cooktop, Avallon Wine Cabinet, GE SS 3-Door refrigerator, and a 6 Ft. detailed woodwork table that fits the space perfectly. Master Suite offers amazing views, private entrance to back patio, shaker cabinetry, Granite, tile walk-in shower and 2 W/N closets. 2 other bedrooms are split, the main level can make a perfect office and a loft. The loft has plenty of space for a guest room, flex-space and has access to a rooftop deck with amazing views. Home is part of the NPOAFH.org

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,583
Property Tax -$351
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$580

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.

$700,000

PROJECTED PRICE

$2,530

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,246

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
  • $2,921

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,7004$2,9505$2,995
$2,995
RENT COMPS ANALYSIS
  • 11615 N Walapai Circle Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15959 E Cholla Drive Fountain Hills, AZ 2
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 10646 N Indian Wells Drive Fountain Hills, AZ 3
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 1974
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 15848 E Bursage Drive Fountain Hills, AZ 4
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
  • 11014 N Valley Drive Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 1986
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.14
    •  
PROPERTY LISTING DETAILS
Dori A Wittrig
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168061
Last Updated: 12/04/2020
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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