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

15024 E Windyhill Road Fountain Hills, AZ 85268

3 Beds 3 Baths 1,532 sqft Built 1978

$400,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $261.10
  • 3 Days on Market
  • MLS # : 6209236
  • Updated Date : 03/21/2021 at 04:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 3 full
Listing Agent

Professional One Realty

Listing Agent's Description

Nice home situated in the beautiful Sonoran Desert... Breathtaking views with NO neighbors behind! 3bed/3bath home on a quiet street. Built in fire place... Private saltwater swimming pool... 2 Car garage. 2 Master bedrooms. New A/C last year. Come check this one out.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,389
Property Tax -$202
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$72

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.

$400,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$29,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,8753$1,9504$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 15024 E Windyhill Road Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.19
    •  
  • 15635 E Scorpion Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1994
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.19
    •  
  • 16407 N Paradox Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1996
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.16
    •  
  • 15647 E Richwood Avenue Fountain Hills, AZ 4
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1986
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.32
    •  
  • 15223 E Aspen Drive Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Staci Fanchini
Professional One Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209236
Last Updated: 03/21/2021
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.

BESbswy