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14066 N Cameo Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 1,815 sqft Built 1994

$415,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $228.65
  • 3 Days on Market
  • MLS # : 6159679
  • Updated Date : 11/14/2020 at 11:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This IS the ONE! Beautifully updated 3 bed, 2 bath home in Fountain Hills with NO HOA! Move-in ready with vaulted ceilings, white cabinets, granite, and new flooring throughout. Large master suite equipped with a huge walk-in closet! Well placed skylights add the perfect amount of natural light. Lots of cabinets and closets provide exceptional storage space! Low maintenance front and back desert landscaping on this elevated lot also boast gorgeous views of the McDowell Mountains and Four Peaks. Oversized 2 car garage with workbench, cabinetry and shelving. Pride of ownership is an understatement at this rare beauty and it will continue even after the sale as the seller will contribute $575 towards the home warranty of buyers choice!

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,531
Property Tax -$208
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$71

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.

$415,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.44%

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$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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8303$1,9004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 14066 N Cameo Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.01
    •  
  • 16540 E Ashbrook Drive Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1992
    LEASED 06/01/12
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 16351 E Bainbridge Avenue Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1994
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
  • 16231 E Bainbridge Avenue Fountain Hills, AZ 4
    • 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
    •  
  • 14004 N Sussex Place Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1988
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
Erin Cipra
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159679
Last Updated: 11/14/2020
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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