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PROPERTY INFO
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!
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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 | $1,830 |
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
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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $103,750 |
Loan Amount | $311,250 |
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
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159679
Last Updated: 11/14/2020

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.