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14017 N Shiloh Way Fountain Hills, AZ 85268

3 Beds 2 Baths 1,711 sqft Built 1986

$450,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
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!

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

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

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$1,7503$1,7504$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 14017 N Shiloh Way Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
  • 17316 E San Marcus Drive Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.05
    •  
  • 14219 N Yerba Buena Way Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 14231 N Silverado Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 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
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sara L. Krueger
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173313
Last Updated: 12/26/2020
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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