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15853 N Aspen Drive Fountain Hills, AZ 85268

4 Beds 4 Baths 3,300 sqft Built 1987

INVESTimate

$549,900

List Price

$2,730

$2,480 - $2,980

Rent Est.

$567,662  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $166.64
  • 3 Days on Market
  • MLS # : 6113663
  • Updated Date : 08/24/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,300 sqft
  • Baths : 4 full
Listing Agent

Homepros

Listing Agent's Description

NO HOA! Become a member of the very nice Fountain Hills community in this luxury home! This is a large corner lot standing at over 13,000 sq ft. With 3,300 livable sq ft inside the residence dispersed through 3 downstairs bedrooms. Two of them being very large master bedrooms with their own entrance and bathrooms, there is one smaller guest or childrens bedroom, an upstairs large loft that can be used at a bedroom or office space with its own bathroom and shower. There are 4 bathrooms total. The home has a nice open layout, a large family/living room, dinning room, and a large open kitchen. 10 foot plus ceilings throughout this home. With back and front yard mountain views , RV Gates, and RV Hookups, and a second RV Gate, you will fall in love with this gem. Come see it for yourself

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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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,029
Property Tax -$281
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
$230

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.

$549,900

PROJECTED PRICE

$2,730

PROJECTED RENT

0.50%

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$64,037

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
  • $3,256

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 15853 N Aspen Drive Fountain Hills, 1
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16030 E Seminole Lane Fountain Hills, 2
    • 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2005
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.89
    •  
  • 15740 E Tumbleweed Drive Fountain Hills, 3
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 13641 N Mesquite Lane Fountain Hills, 4
    • 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,012 Sqft ∙ Built 1999
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Chase Nickel
Homepros
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113663
Last Updated: 08/24/2020
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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