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15013 N Escalante Drive Fountain Hills, AZ 85268

4 Beds 3 Baths 2,722 sqft Built 1992

$659,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $242.43
  • 2 Days on Market
  • MLS # : 6187898
  • Updated Date : 01/30/2021 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,722 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Exceptional Home with unobstructed VIEWS of Four Peaks and the open desert providing the perfect backdrop to the fabulous, private outdoor oasis - heated pool, custom stacked stone wall accents, extended covered patio area, fire pit, and outdoor kitchen with built in BBQ. Home interior is equally as perfect with its split floor plan, gorgeous hardwood flooring, two wood burning fireplaces and four generously sized bedrooms (one of which features built in office shelving, desk area and Murphy bed). All three full baths have been remodeled with travertine accents. Chef's kitchen offers cherry cabinetry, granite countertops and new stainless appliances. Home has been meticulously maintained - newer AC, pool heat pump, water heater, garage doors, water softener, irrigation system, etc

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 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
 

$593,910$725,890$659,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,292
Property Tax -$331
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$182

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.

$659,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$24,589

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
  • $2,840

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4753$2,5004$3,300
$3,300
RENT COMPS ANALYSIS
  • 15013 N Escalante Drive Fountain Hills, AZ 1
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17350 E San Marcus Drive Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.93
    •  
  • 13408 N Cliff Top Drive Fountain Hills, AZ 3
    • 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 1999
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 13022 N Crystal Hills Drive Fountain Hills, AZ 4
    • 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 1999
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.35
    •  
PROPERTY LISTING DETAILS
Rich Madden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187898
Last Updated: 01/30/2021
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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