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13813 N Wendover Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,125 sqft Built 1995

$524,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $247.01
  • 2 Days on Market
  • MLS # : 6196181
  • Updated Date : 02/20/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,125 sqft
  • Baths : 2 full
Listing Agent

Glass House International

Listing Agent's Description

STUNNING! Gorgeous property nestled in the heart of Fountain Hills & MOVE-IN READY. This meticulously maintained 3 beds, 2 bath plus Bonus Rm. adjacent to MB, boasts of charming curb appeal, OPEN FL PLAN w/desert landscaping & 2 car garage. Interior has vaulted ceilings, travertine like flooring, a cozy fireplace in the living room w/ 2 sliding door access. The Spacious kitchen has lots of cabinetry, counter space & opens out to Patio. Formal Dining Room. The charming master retreat features a Pvt. bath, Pvt. entry, walk-in closet & a sitting/office Rm. w/private access to the b/yard. Jack & Jill 2nd bath. The HUGE backyard is an oasis w/built-in BBQ, 3 sitting areas, rock fountain, BEEHIVE FIREPLACE that wraps around & screened patio. WIDE RV GATE. New A/C Unit. What are you waiting for?

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
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,823
Property Tax -$263
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$284

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.

$524,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9004$1,9005$1,970
$1,970
RENT COMPS ANALYSIS
  • 13813 N Wendover Drive Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.93
    •  
  • 16729 E Westby Drive #b Fountain Hills, AZ 1
    • 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2007
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 16231 E Bainbridge Avenue Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 16820 E La Montana Drive #112 Fountain Hills, AZ 3
    • 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2006
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 13450 N Mountainside Drive #a Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2001
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Wendy Covarrubias
Glass House International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196181
Last Updated: 02/20/2021
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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