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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $263.00
- 2 Days on Market
- MLS # : 6173313
- Updated Date : 12/26/2020 at 16:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,711 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
WOW! This home has it all! Updated kitchen with granite counters, new cabinets & SS GE appliances. Walk in pantry. Open to the family room & dining room! Granite counters in baths. Walk in closet in MB. Cantera stone fireplace & accents throughout. Central vacuum system. Inviting sparkling saltwater play pool with solar blanket & Heliocol solar pool heating. (2018); Alarm security on doors to pool. 12 X 10 shed with windows & power, inside & outside, on a slab.Bring your toys! Have a boat or RV? 40' X 14' slab with 50 amp power, water & RV gate. Travertine floors except in living room & bedrooms. TV's, TV mounts, shelves & work bench in shed & garage do NOT convey. Holes will be patched & painted. $52,000 in updating done in the last few years!
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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 | $1,900 |
EXPENSES | Loan Payment | -$1,660 |
Property Tax | -$226 | |
Property Insurance | -$61 | |
Property Management Fees | -$99 | |
CASH FLOW
-$145
|
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.
$450,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.42%
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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $112,500 |
Loan Amount | $337,500 |
4
YEARS SAVED
$19,688
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,720
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173313
Last Updated: 12/26/2020

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.