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15412 N Cabrillo Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,297 sqft Built 1997

$697,700

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $303.74
  • 4 Days on Market
  • MLS # : 6197682
  • Updated Date : 02/26/2021 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,297 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

VIEWS!! PRIVACY! ''Stop-the-car, this-is-it!'' Open floorplan with majestic views! Perfect floorplan for work- from-home needs or home gym or craft/game room with a bonus space located off laundry room! Includes large walk in closet! Bright, eat in kitchen with upgraded Bosch dishwasher, S/S appliances, granite & backsplash! Convenient Butler's pantry from dining to kitchen. Dining niche off great room & double door den has its own closet. Private guest bedroom & bath separate from master suite. Bathrooms have been remodeled & updated! The outdoor oasis has a patio running entire length of home. Backyard has been refreshed with newer stone deck, planters, fencing & more! SPLASH! Easy care pool! Oversized Lot! New HVAC in 2019, Roof redone 2013, fresh interior paint! Move in ready! WO

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k408k

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

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452077

* 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
 

$627,930$767,470$697,700

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,423
Property Tax -$350
Property Insurance -$72
HOA -$2
Property Management Fees -$99
CASH FLOW
-$746

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.

$697,700

PROJECTED PRICE

$2,200

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

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$190,641

INVESTMENT

$190,641

Down Payment
$174,425
Rehab Estimate
$5,750
Closing Costs
$10,466

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,423

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,425
Loan Amount $523,275
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,610

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,200

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,2004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 15412 N Cabrillo Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 16231 E Bainbridge Avenue Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 14849 E Cholula Drive Fountain Hills, AZ 2
    • 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1997
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 16430 N Palo Verde Lane Fountain Hills, AZ 4
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1996
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 15869 E Ponderosa Drive Fountain Hills, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tiffany Drejza
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197682
Last Updated: 02/26/2021
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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