Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15506 E Jojoba Lane Fountain Hills, AZ 85268

4 Beds 3 Baths 2,865 sqft Built 2000

$689,900

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $240.80
  • 3 Days on Market
  • MLS # : 6174090
  • Updated Date : 01/01/2021 at 20:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,865 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Gorgeous updated Sunridge Canyon home. Resort style backyard, with BBQ island, heated pool and putting green. A full 4/3 split with a den too. High ceilings, and unique window accents and niches throughout. The custom flagstone fireplace accents the living room, with an open concept kitchen with island. Move in ready and priced to sell. Don't miss out on this perfect Fountain Hills pool home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunridge Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k586k

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

Neighborhood: Sunridge Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452284

* 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
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,545
Property Tax -$346
Property Insurance -$83
HOA -$18
Property Management Fees -$99
CASH FLOW
-$142

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.

$689,900

PROJECTED PRICE

$2,950

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.7%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,545

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$36,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,230

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$3,0004$3,5005$3,750
$3,750
RENT COMPS ANALYSIS
  • 15506 E Jojoba Lane Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
  • 15848 E Bursage Drive Fountain Hills, AZ 1
    • 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 3
    • 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
    •  
  • 13641 N Mesquite Lane Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 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
Joseph Roth
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174090
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy