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

14950 E Golden Eagle Boulevard Fountain Hills, AZ 85268

3 Beds 2 Baths 1,843 sqft Built 1994

INVESTimate

$485,000

List Price

$1,960

$1,764 - $2,156

Rent Est.

$500,666  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $263.16
  • 8 Days on Market
  • MLS # : 6119522
  • Updated Date : 08/19/2020 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,843 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Views Views and Views. There is a Pool. Roof 2018, A/C 2018, and the home was painted outside in 2019. This three bedroom, 2 bath home has brand new carpet. Gas stove (So exciting) Security screen doors with a gas fireplace inside. Flagstone patio with Kiva wood burning fireplace and also a fountain in the backyard. Windows were just washed so come see it before the monsoon rains get them dirty.

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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,789
Property Tax -$243
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$235

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.

$485,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,170

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9603$2,2004$2,2955$2,400
$2,400
RENT COMPS ANALYSIS
  • 14950 E Golden Eagle Boulevard Fountain Hills, 2
    • 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.06
    •  
  • 16407 N Paradox Drive Fountain Hills, 1
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1996
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.16
    •  
  • 15223 E Aspen Drive Fountain Hills, 3
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.26
    •  
  • 16027 N Overlook Court Fountain Hills, 4
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1976
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 16430 N Palo Verde Lane Fountain Hills, 5
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1996
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
PROPERTY LISTING DETAILS
Robyn Stoor
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119522
Last Updated: 08/19/2020
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