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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $285.67
- 2 Days on Market
- MLS # : 6206519
- Updated Date : 03/13/2021 at 16:09
CONSTRUCTION
- Beds : 3
- Floor Size : 3,287 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Tucked in the rolling hills of North Heights, stunning views surround this beautifully remodeled 3 bedroom, 2.5 bath, single level home with an extended 3 car garage. Step through custom iron doors and find yourself in the formal living room with soaring ceilings, fireplace, and walls of glass. Just off the entry, a separate den or office allow for flexible living. The large Gourmet kitchen is sure to please with double wall ovens, beautiful cabinets, and granite counters, island, plantation shutters, and breakfast nook make this a great gathering space for entertaining. Inspiring rejuvenation, the master retreat provides ample space, private backyard access, wood plank flooring, dual raised vanities, large soaking tub, separate shower, and large walk in closet. The remaining ancillary
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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 | $3,030 |
| EXPENSES | Loan Payment | -$3,262 |
| Property Tax | -$471 | |
| Property Insurance | -$91 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$894
|
||
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.
$939,000
PROJECTED PRICE
$3,030
PROJECTED RENT
0.32%
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
$254,585
LOAN DETAILS
$3,262
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $234,750 |
| Loan Amount | $704,250 |
1.08
YEARS SAVED
$4,241
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
-
$3,736
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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15115 E Pancho Villa Place Fountain Hills, AZ 1
- 3 beds 3 baths ∙ 3,287 Sqft ∙ Built 1993 3 beds 3 baths ∙ 3,287 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $0
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15740 E Tumbleweed Drive Fountain Hills, AZ 2
- 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990
LEASED 05/15/20- Rent
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- $3,000
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13641 N Mesquite Lane Fountain Hills, AZ 3
- 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999
LEASED 01/15/21- Rent
- Rent Per SQFT
- $3,500
- $1.16
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15442 E Acacia Way Fountain Hills, AZ 4
- 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 1997
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,750
- $1.24
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206519
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
