Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14218 N Newmarket Court Fountain Hills, AZ 85268

4 Beds 4 Baths 2,590 sqft Built 1990

$540,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $208.49
  • 16 Days on Market
  • MLS # : 6160679
  • Updated Date : 11/23/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,590 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This charming home sits up on a cul-de-sac and has front views of the surrounding mountains (and world famous fountain) with 2 balcony's to enjoy them from. 3 spacious bedrms on main/upper level of home have original hardwood floors in excellent condition, 2 with large walk in closets. Center piece of living/dining area is a large beautiful two sided wood burning fireplace. Lower level of home w/ new flooring is ideal for guests, mother-in-law suite etc. has 4th bedroom, flex room , 1/2 bath and an area that is ready for a small kitchen to be put in. AZ room can be used as a work out space, TV room, office etc. Pride of ownership shows in the backyard with fruit trees, shed, gazebo and HUGE HOT TUB that also functions as a small pool; RV/boat driveway and gate on side of home.

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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,992
Property Tax -$271
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$120

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.

$540,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.43%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$27,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,603

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,4753$2,5004$2,5505$2,950
$2,950
RENT COMPS ANALYSIS
  • 14218 N Newmarket Court Fountain Hills, AZ 1
    • 4 beds 4 baths ∙ 2,590 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,590 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.90
    •  
  • 17350 E San Marcus Drive Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.93
    •  
  • 15869 E Ponderosa Drive Fountain Hills, AZ 3
    • 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
  • 14810 N Fountain Hills Boulevard Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2009
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
  • 15848 E Bursage Drive Fountain Hills, AZ 5
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jody Sullins
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160679
Last Updated: 11/23/2020
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.

BESbswy