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14414 N Buckthorn Court Fountain Hills, AZ 85268

3 Beds 2 Baths 1,838 sqft Built 1999

$535,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $291.08
  • 2 Days on Market
  • MLS # : 6206722
  • Updated Date : 03/13/2021 at 21:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,838 sqft
  • Baths : 2 full
Listing Agent

Re/max Prime

Listing Agent's Description

Pride of ownership in this meticulously maintained and well cared for single level home with no interior steps in Sunridge Canyon. Open floor plan with high ceilings and private lot and a great location in the sub with commons at the end of the cul-de-sac. Master with large walk-in-closet, dual sink vanity and separate tub & shower, exit to very private rear yard. Front bedroom is used as an office. Kitchen has tile flooring, island counter, new SS appliances nice breakfast nook. Front living and dining are great for entertaining and the family room off the kitchen has a fireplace, entertainment wall and exit to rear patio with retractable electric awning. Guest bath offers tile flooring, single sink vanity and tile tub surround. Move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunridge Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k586k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sunridge Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452284

* 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 High School High Regular 617 31 7
Four Peaks Elementary School Primary Unknown NA

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,858
Property Tax -$268
Property Insurance -$63
HOA -$19
Property Management Fees -$99
CASH FLOW
-$508

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.

$535,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.7%
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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8004$1,9005$2,400
$2,400
RENT COMPS ANALYSIS
  • 14414 N Buckthorn Court Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16429 E Ashbrook Drive #b Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.13
    •  
  • 16008 E Glendora Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 16351 E Bainbridge Avenue Fountain Hills, AZ 4
    • 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
    •  
  • 15731 E Thistle Drive Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jeff Kwartler
Re/max Prime
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206722
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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