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11725 N Desert Vista #104 # 104 Fountain Hills, AZ 85268

3 Beds 3 Baths 2,048 sqft Built 2003

INVESTimate

$389,900

List Price

$1,780

$1,602 - $1,958

Rent Est.

$402,494  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $190.38
  • 4 Days on Market
  • MLS # : 6121620
  • Updated Date : 08/25/2020 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kern Realty, Real Estate And Rentals

Listing Agent's Description

Beautiful, Bright, Open and Inviting! This is the one! 3 Bedroom + Den/Office/Loft, Gorgeous Kitchen w Updates (Bonus Breakfast Bar addition) New Appliances with loads of cabinet and counter space. Soaring Ceilings with so much natural light. Master Bedroom on main floor, spacious with large walk-in shower and double sinks. Upstairs features generously sized bedrooms and large loft area, can be used as den, office, bonus room and Full Bathroom. Tile and Wood flooring in all the right places. New AC, Hot Water Heater, Interior Fixtures/Fans, Garbage Disposal. This is TURN KEY are ready for you!

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,439
Property Tax -$196
Property Insurance -$67
HOA -$266
Property Management Fees -$99
CASH FLOW
-$286

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.

$389,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,552

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
  • $1,956

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,7254$1,7955$2,400
$2,400
RENT COMPS ANALYSIS
  • 11725 N Desert Vista #104 Fountain Hills, 1
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11244 N Saguaro Boulevard #104 Fountain Hills, 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
  • 17020 E Kiwanis Drive #104 Fountain Hills, 3
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.92
    •  
  • 17422 E Flat Rock Drive Fountain Hills, 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1992
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 17325 E Cassidy Court Fountain Hills, 5
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2000
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Meredith Spring
Kern Realty, Real Estate And Rentals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121620
Last Updated: 08/25/2020
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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