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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $237.21
- 4 Days on Market
- MLS # : 6177850
- Updated Date : 01/07/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,698 sqft
- Baths : 4 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Fantastic opportunity to own this beautiful custom home with a full basement. This home is immaculate and truly shows pride of ownership. Four spacious bedrooms, four baths, a large living room and lovely family room, with a custom fireplace. Nicely designed kitchen with granite counters and newer appliances. Travertine flooring throughout the lower level with manufactured hardwood upstairs. This home has a ~1600+ square foot basement and an oversized 2 car garage with extra storage. Plenty of room for RV storage and no HOA or NPOA. An entertainers dream with a resort like backyard and pool, as well as an elevated deck with tremendous Red Mountain views. Home sits on over 1 acre. Lot extends far beyond property fencing.
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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 | $2,730 |
| EXPENSES | Loan Payment | -$2,223 |
| Property Tax | -$321 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$7
|
||
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.
$640,000
PROJECTED PRICE
$2,730
PROJECTED RENT
0.43%
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
$175,350
LOAN DETAILS
$2,223
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $160,000 |
| Loan Amount | $480,000 |
5.5
YEARS SAVED
$38,331
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
-
$2,941
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
15220 N Blackbird Drive Fountain Hills, AZ 1
- 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $0
- $0.00
-
15869 E Ponderosa Drive Fountain Hills, AZ 2
- 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.01
-
15848 E Bursage Drive Fountain Hills, AZ 3
- 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,950
- $1.10
-
15740 E Tumbleweed Drive Fountain Hills, AZ 4
- 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990
LEASED 05/15/20- Rent
- Rent Per SQFT
- $3,000
- $1.01
-
15442 E Acacia Way Fountain Hills, AZ 5
- 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
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177850
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
