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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $253.79
- 2 Days on Market
- MLS # : 6175976
- Updated Date : 01/02/2021 at 14:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,848 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
This gorgeous corner lot home has it all! Views, privacy, close to schools and parks with an amazing backyard to enjoy with friends and family. Master bedroom has large walk in closet, hardwood floors and slider that steps right out to the pool. Stone fireplace in the family room brings your eyes right up to the amazing wood ceiling. The kitchen has a large pantry with newer appliances and opens to a large dining area. The outdoor space is the highlight of this home. Flagstone patio surrounds the pool with a waterfall feature and shamu shelf for lounging. RV gate access allows for tons of storage for toys. NO HOA. In the last five years the following has been done, roof re-seal, new windows, new front door, painted exterior, new pool filter, new water heater, AC is from 2013
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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 | $2,120 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$235 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$8
|
||
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.
$469,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.45%
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
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
5.5
YEARS SAVED
$33,045
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,107
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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14624 N Valloroso Drive Fountain Hills, AZ 1
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- Rent Per SQFT
- $0
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17316 E San Marcus Drive Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985
LEASED 09/18/19- Rent
- Rent Per SQFT
- $1,695
- $1.05
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14263 N Fountain Hills Boulevard #2 Fountain Hills, AZ 3
- 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1975
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
16906 E Britt Court Fountain Hills, AZ 4
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1997
LEASED 11/14/20- Rent
- Rent Per SQFT
- $2,200
- $1.19
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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
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175976
Last Updated: 01/02/2021
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.
