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15447 E Palomino Boulevard Fountain Hills, AZ 85268

3 Beds 4 Baths 3,532 sqft Built 1984

$749,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $212.06
  • 3 Days on Market
  • MLS # : 6184492
  • Updated Date : 01/23/2021 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,532 sqft
  • Baths : 3 full , 1 half
Listing Agent

Engel & Voelkers Scottsdale

Listing Agent's Description

This extensively remodeled home offers you the opportunity to purchase a professionally designed home with the additional option of purchasing it fully furnished.A nationally known stylist has put her touch on this spacious, open and inviting home.New open kitchen with custom cabinetry. Top quality KitchenAid appliances and beautiful quartz countertops.All 3.5 baths have been remodeled with quality finishes. The entire second floor is dedicated to the master suite and includes a sitting room/custom closet. The master bath features a 4'x6' shower and freestanding 67'' soaking tub.This home is truly one of kind and shouldn't be missed.

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 Middle School Middle Regular 372 22 7
Fountain Hills High School High Regular 617 31 7

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills Middle School

  • Education Level: Middle
  • # of students: 372
  • # of teachers: 22
7
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating
 

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

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,602
Property Tax -$376
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$462

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

$2,710

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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 55% 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

2.33

YEARS SAVED

$12,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,073

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,501
1$2,5012$2,7103$3,1004$3,200
$3,200
RENT COMPS ANALYSIS
  • 15447 E Palomino Boulevard Fountain Hills, AZ 2
    • 3 beds 4 baths ∙ 3,532 Sqft ∙ Built 1984 3 beds 4 baths ∙ 3,532 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.77
    •  
  • 16308 E Trevino Drive Fountain Hills, AZ 1
    • 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1984
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,501
    • $0.71
    •  
  • 15346 E Palomino Boulevard Fountain Hills, AZ 3
    • 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.92
    •  
  • 16755 E Nicklaus Drive Fountain Hills, AZ 4
    • 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lee Nykaza
Engel & Voelkers Scottsdale
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184492
Last Updated: 01/23/2021
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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