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14422 N Prickly Pear Court Fountain Hills, AZ 85268

3 Beds 2 Baths 1,462 sqft Built 1998

$500,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $342.00
  • 4 Days on Market
  • MLS # : 6200730
  • Updated Date : 03/12/2021 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful home is desirable Sunridge Canyon surrounded by golf course living This is a perfect home for seasonal or year-round living. The upgraded kitchen includes granite counter-tops and stainless steel appliances along with an abundance of cabinet space and storage. Master bathroom was recently updated with new tile shower, new cabinets, granite counters and all new lighting. Relax in your spacious heated pool and in-ground spa or enjoy the view of Four Peaks from your elevated decking. Backyard grilling is a dream with natural gas plumbing. The large corner lot is landscaped with native plants; very low maintenance and well manicured.

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,737
Property Tax -$251
Property Insurance -$56
HOA -$19
Property Management Fees -$99
CASH FLOW
-$551

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.

$500,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.32%

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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6953$1,7504$1,8005$2,200
$2,200
RENT COMPS ANALYSIS
  • 14422 N Prickly Pear Court Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.10
    •  
  • 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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.13
    •  
  • 14606 N Glenpoint Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1990
    property image
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.21
    •  
  • 16008 E Glendora Drive Fountain Hills, AZ 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 15036 N Dogwood Lane N Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1985
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
PROPERTY LISTING DETAILS
Shelby K Dibiase
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200730
Last Updated: 03/12/2021
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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