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15701 E Greystone Drive Fountain Hills, AZ 85268

3 Beds 3 Baths 3,176 sqft Built 1999

INVESTimate

$815,000

List Price

$2,710

$2,460 - $2,960

Rent Est.

$841,325  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $256.61
  • 7 Days on Market
  • MLS # : 6119982
  • Updated Date : 08/21/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,176 sqft
  • Baths : 3 full
Listing Agent

Mco Realty

Listing Agent's Description

THIS ALL ONE LEVEL HOME IN BEAUTIFUL STONERIDGE IS A CUSTOM HOME. CONTEMPORARY 3 BEDROOM WITH DEN OR 4TH BEDROOM, HAS A SPLIT FLOOR PLAN WITH LIVING ROOM, FORMAL DINING ROOM, AND OFFICE. MASTER BEDROOM WITH FIREPLACE AND SITTING AREA LEADS OUT TO THE PATIO. SEPARATE FAMILY ROOM. LARGE KITCHEN WITH CHERRY WOOD CABINETS, PANTRY, ISLAND, EATING AREA, AND BUILT IN DESK & ALL KITCHEN AID APPLIANCES. BEAUTIFUL BACKYARD WITH VIEWS OF RED ROCK, WATER FEATURE, SALT WATER POOL, BUILT IN BARBECUE, COVERED PATIOS. HOME LOCATED IN NPOA

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
 

$733,500$896,500$815,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$3,007
Property Tax -$409
Property Insurance -$89
Property Management Fees -$99
CASH FLOW
-$894

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.

$815,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,802

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
  • $2,914

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,7004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 15701 E Greystone Drive Fountain Hills, 1
    • 3 beds 3 baths ∙ 3,176 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,176 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15953 E Cholla Drive Fountain Hills, 2
    • 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 16129 E Trevino Drive Fountain Hills, 3
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
  • 15740 E Tumbleweed Drive Fountain Hills, 4
    • 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
    •  
  • 15346 E Palomino Boulevard Fountain Hills, 5
    • 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,367 Sqft ∙ Built 1994
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Chester Petersen
Mco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119982
Last Updated: 08/21/2020
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.

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