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14401 N San Carlos Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,026 sqft Built 1973

$509,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $251.68
  • 3 Days on Market
  • MLS # : 6163158
  • Updated Date : 11/20/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,026 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Flattered by a classic ranch-style look and feel, this easy-living home boasts a bright and open floor plan highlighted by sunlit gathering spaces. Front: Low-maintenance landscaping, mature shade trees. Inside: Tile floors throughout. Multiple ADA-compliant features including wider doors, grab bars, more. Light and airy kitchen w/custom pendant over-island lighting. Family room w/big picture window. Owner's suite w/French exits to pool area, private bath w/dual sinks, deep soak tub, glass-block shower. Spacious Arizona room w/built-in bench seating for comfy-cozy reading and relaxing. Backyard: Sparkling pool, large lounge/sun-decks, view-fence to pristine desert, room to add putting green or play area for kids/grandkids

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
 

$458,910$560,890$509,900

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 -$1,881
Property Tax -$256
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$473

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.

$509,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,308

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
  • $0.9

    LIST RENT PER SQFT
  • $2,244

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8303$1,9504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14401 N San Carlos Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.90
    •  
  • 17422 E Flat Rock Drive Fountain Hills, AZ 1
    • 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
    •  
  • 14004 N Sussex Place Fountain Hills, AZ 3
    • 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
    •  
  • 16935 E De Anza Drive Fountain Hills, AZ 4
    • 4 beds 4 baths ∙ 2,206 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,206 Sqft ∙ Built 1986
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 17221 E Lantern Lane Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 1984
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Allen Studebaker
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163158
Last Updated: 11/20/2020
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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