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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $260.26
- 5 Days on Market
- MLS # : 6194586
- Updated Date : 02/19/2021 at 16:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,305 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Absolutely stunning home with front, courtyard pool in highly desired community! Wide Open Split Bedroom Plan with 3 Baths! Gorgeous, Diagonally laid Tile Flooring throughout! Must See Kitchen is a dream come true with Expanded/Oversized Island, Granite Counters, loads of cabinets, Island, wall ovens, indirect lighting, microwave & So Much More! Incredible master suite with granite top dual vanity, his and her closets, separate jetted tub and Custom Tiled Shower! Pebble-tech pool & spa looking at Mountains! Oversized garage with built-in cabinets and large storage area! Bonus Arizona Room, workout room or home office. Big, indoor laundry room with cabinets & granite counters! Opportunity Knocks!!
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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 | $2,150 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$314 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$419
|
||
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.
$599,900
PROJECTED PRICE
$2,150
PROJECTED RENT
0.36%
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
$164,724
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,975 |
| Loan Amount | $449,925 |
2
YEARS SAVED
$7,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,322
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
15783 E Primrose Drive Fountain Hills, AZ 2
- 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,150
- $0.93
-
13450 N Mountainside Drive #a Fountain Hills, AZ 1
- 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2001
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,900
- $0.89
-
15604 E Chicory Drive Fountain Hills, AZ 3
- 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 1998
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,250
- $1.00
-
15731 E Thistle Drive Fountain Hills, AZ 4
- 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1995
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
-
15869 E Ponderosa Drive Fountain Hills, AZ 5
- 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 1990
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.01
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194586
Last Updated: 02/19/2021
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.
