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15620 E Yucca Drive Fountain Hills, AZ 85268

2 Beds 2 Baths 2,074 sqft Built 1998

$529,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $255.50
  • 2 Days on Market
  • MLS # : 6184845
  • Updated Date : 01/23/2021 at 18:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,074 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Pride of ownership shows throughout in this beautiful 2 bedroom, 2 bathroom plus den home w/ Mountain View's. Enjoy single level living, w/ open concept. Light & bright, 2074 sq. ft. floor plan featuring high ceilings, formal living room, formal dining room w/ plantation shutters throughout the home. Relax in the family room w/ custom built in media center & large sliding glass doors to covered tiled patio for outdoor dining & cooking on your built in gas BBQ. Or dish up great meals in an updated eat in kitchen w/ island breakfast bar & large pantry. Take in the privacy in your large master bedroom w/ sliding doors outside to your own private above ground heated spa. Master bath features large vanity with double sinks, spacious shower & large jetted soaking tub plus walk in closet...

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
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,841
Property Tax -$266
Property Insurance -$68
HOA -$19
Property Management Fees -$99
CASH FLOW
-$292

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.

$529,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,711

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
  • $2,192

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9854$2,100
$2,100
RENT COMPS ANALYSIS
  • 15620 E Yucca Drive Fountain Hills, AZ 1
    • 2 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998 2 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16800 E El Lago Boulevard #2040 Fountain Hills, AZ 2
    • 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 12835 N Mimosa Drive #a Fountain Hills, AZ 3
    • 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 2000
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $1.07
    •  
  • 13013 N Panorama Drive #114 Fountain Hills, AZ 4
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Susan Geurs
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184845
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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