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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $193.00
- 5 Days on Market
- MLS # : 6160932
- Updated Date : 11/21/2020 at 13:25
CONSTRUCTION
- Beds : 5
- Floor Size : 4,430 sqft
- Baths : 4 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This extraordinary home's fresh (2008 rebuild) design will surprise & delight. A stunning professional chef's kitchen anchors the residence; seamlessly serving the formal dining/bar/great & family rooms with endless surrounding mountain views. A master suite & secondary suite complete the main level. Upstairs - capturing light & endless views is the award-winning Master Suite (#1) & private Spa Bath; strategically split from 2 additional bedrooms; a flex/second laundry & kitchenette. Unexpected storage! Outdoor space is designed for relaxation, privacy or your dog's delight! Minimal maintenance - freeing you to sit back & enjoy sunrise, sunset & mountain views. Embrace CERTAINTY in this immaculate, perfectly maintained soft contemporary retreat; during these uncertain times!
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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 | $2,690 |
| EXPENSES | Loan Payment | -$3,155 |
| Property Tax | -$429 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,106
|
||
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.
$855,000
PROJECTED PRICE
$2,690
PROJECTED RENT
0.31%
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
$232,325
LOAN DETAILS
$3,155
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $213,750 |
| Loan Amount | $641,250 |
0.33
YEARS SAVED
$657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$2,747
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
-
15151 E Ridgeway Drive Fountain Hills, AZ 1
- 5 beds 5 baths ∙ 4,430 Sqft ∙ Built 1979 5 beds 5 baths ∙ 4,430 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $2,690
- $0.61
-
15414 E Thistle Drive Fountain Hills, AZ 2
- 5 beds 4 baths ∙ 4,715 Sqft ∙ Built 1987 5 beds 4 baths ∙ 4,715 Sqft ∙ Built 1987
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,750
- $0.58
-
13325 N Manzanita Lane Fountain Hills, AZ 3
- 4 beds 5 baths ∙ 4,338 Sqft ∙ Built 1998 4 beds 5 baths ∙ 4,338 Sqft ∙ Built 1998
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,850
- $0.66
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160932
Last Updated: 11/21/2020
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.
