Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $213.35
- 4 Days on Market
- MLS # : 6171297
- Updated Date : 12/31/2020 at 16:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,828 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This is the epitome of desert living, with breathtaking views of the reservation, We-Ko-Pa golf course, views of Red Mountain and close to Fountain Park! This gorgeous home is well maintained, and features upgrades galore including Low-E windows, Wifi-enabled thermostat, brand new water softener, ionizing air purifier, and a newer HVAC system. Upon entry, you will find an open concept layout with high ceilings and loads of natural lighting. Beautiful plank tile flooring throughout the first floor, formal dining, plus a spacious kitchen with ample cabinetry and plenty of counter space. The master suite is well sized and located on the first floor with a private ensuite, double sinks, and a walk-in closet. On the second floor you will find two secondary bedrooms with
SEE MORE
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 | $2,010 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$196 | |
| Property Insurance | -$63 | |
| HOA | -$91 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$123
|
||
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.
$390,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.52%
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
$109,100
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
7.17
YEARS SAVED
$39,314
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
-
$1,791
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
11725 N Desert Vista #112 Fountain Hills, AZ 1
- 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16445 E Segundo Drive #b Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1996
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,425
- $0.95
-
11244 N Saguaro Boulevard #102 Fountain Hills, AZ 3
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.93
-
17422 E Flat Rock Drive Fountain Hills, AZ 4
- 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1992
![property image]()
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
17020 E Kiwanis Drive #104 Fountain Hills, AZ 5
- 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003
![property image]()
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,995
- $1.06
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171297
Last Updated: 12/31/2020
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.
