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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $258.22
- 4 Days on Market
- MLS # : 6162347
- Updated Date : 11/19/2020 at 10:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,704 sqft
- Baths : 2 full
Listing Agent
Mco Realty
Listing Agent's Description
Tons of potential in this 1700 sf single level home. Sitting on nice lot overlooking a Saguaro filled wash and views to the South...even city light views in the distance. E-Z access to main roads. This 3 bed 2 bath is an open great room floor plan with fireplace., central vac...the Roof, HVAC and hot water heater have all been redone in the last 6-8 years. 2nd bedroom has built in desk...perfect for a home office. With a little TLC, this can be a beauty! Large covered patio w/ newer ceiling and 3 weather proof fans overlooking the large yard that has plenty of room for a pool / the RV gate makes it easy to access the yard. No HOA .
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PRICE & RENT TRENDS
Neighborhood: Fountain Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$221 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$323
|
||
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.
$440,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
2.17
YEARS SAVED
$7,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,926
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
15733 E Mustang Drive Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,680
- $0.99
-
12414 N Desert Sage Dr Drive #a Fountain Hills, AZ 1
- 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1984
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,595
- $1.02
-
11022 N Indigo Drive #138 Fountain Hills, AZ 3
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1999
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,900
- $1.21
-
15123 E Palomino Boulevard Fountain Hills, AZ 4
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1998
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,950
- $1.16
-
11064 N Garland Circle Fountain Hills, AZ 5
- 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1994
LEASED 06/01/19- Rent
- Rent Per SQFT
- $2,275
- $1.13
PROPERTY LISTING DETAILS
Mco Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162347
Last Updated: 11/19/2020
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.
