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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $285.66
- 3 Days on Market
- MLS # : 6193369
- Updated Date : 02/13/2021 at 14:24
CONSTRUCTION
- Beds : 3
- Floor Size : 2,412 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Reminiscent of So Cal Beach style homes, this home was Custom Built by California Builder DISALVO in the early 80's & perched just right for Panoramic Views from the park like back yard. Grounds feature View Fencing, Fruit Trees, Pool, Large Covered Patio for Entertaining, RV gate & parking + Separate Storage shed. Inside features Beamed Vaulted Ceilings, Wall to Wall-Floor to Ceiling Windows in Family Room, Split Floor Plan, inside Laundry. Several rooms have access to the covered patio. Super cozy wood burning brick Fireplace in the family room that is open to to the kitchen area. Garage is extended length with work space for your projects. Plenty of off street parking for guests or addl household members. Room to expand for 2nd garage, casita or elevated Pergola to capture more views.
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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 | $2,260 |
| EXPENSES | Loan Payment | -$2,393 |
| Property Tax | -$346 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$652
|
||
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.
$689,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.33%
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
$188,335
LOAN DETAILS
$2,393
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
1.17
YEARS SAVED
$3,327
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,496
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
15225 E Verbena Drive Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $2,260
- $0.94
-
15604 E Chicory Drive Fountain Hills, AZ 1
- 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 1998
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,250
- $1.00
-
15869 E Ponderosa Drive Fountain Hills, AZ 3
- 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
-
15959 E Cholla Drive Fountain Hills, AZ 4
- 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,500
- $1.10
-
14850 E Grandview Drive #204 Fountain Hills, AZ 5
- 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 1999
LEASED 11/20/19- Rent
- Rent Per SQFT
- $2,700
- $1.03
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193369
Last Updated: 02/13/2021
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.
