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15733 E Mustang Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 1,704 sqft Built 1980

$440,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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 .

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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

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
$1,595
1$1,5952$1,6803$1,9004$1,9505$2,275
$2,275
RENT COMPS ANALYSIS
  • 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
Melinda J Stanton
Mco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162347
Last Updated: 11/19/2020
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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