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15331 E Hillside Drive Fountain Hills, AZ 85268

3 Beds 3 Baths 2,168 sqft Built 2000

$749,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $345.48
  • 3 Days on Market
  • MLS # : 6205842
  • Updated Date : 03/12/2021 at 21:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

A rare opportunity to live in the gated community of Westridge Village nestled on a premium lot with tons of potential. This beautiful single level features an open floor plan, 3 bedrooms, den(or 4th bedroom) and an extended length 3 car garage. Enjoy privacy in one of the largest lots in the community. The backyard retreat features a side yard with double gate. Use your imagination with the outdoor space. Lush landscaping, sparkling solar heated pool with waterfall, gas BBQ & fire-pit, large covered patio and stunning views of Red Mountain. Enjoy a large kitchen complete with extra cabinets, pantry with pull-outs, granite counters, gas cooktop, and R/O system. Master retreat w/ separate his/her vanities and walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k598k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Westridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452586

* 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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,602
Property Tax -$376
Property Insurance -$69
HOA -$95
Property Management Fees -$99
CASH FLOW
-$731

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.

$749,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,717

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
  • $2,580

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 15331 E Hillside Drive Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11226 N Pinto Drive Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 14951 E Desert Willow Drive #2 Fountain Hills, AZ 3
    • 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 15040 E Scarlet Sky Lane #2 Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
  • 15270 E Palomino Boulevard Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1992
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.35
    •  
PROPERTY LISTING DETAILS
Karen J. Degeorge
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205842
Last Updated: 03/12/2021
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.

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