Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $248.01
- 3 Days on Market
- MLS # : 6181267
- Updated Date : 01/16/2021 at 16:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,012 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Pride of ownership is clearly visible the minute you walk thru the door of this beautiful 3 bedroom, 2 bath home. Enjoy one level living, modern open floor plan, great room with a gas fireplace and custom blinds throughout. Eat in kitchen with breakfast bar and large pantry. A convenient 2 car attached garage with built in storage cabinets. Split floorplan for privacy. The master has a large closet and master bath features large vanity with double sinks, a generously sized shower and large soaking tub. Two other nice sized bedrooms with a guest bath. Third bedroom is currently being used as an additional family room. The beautifully landscaped and paved back yard has a nice view of Four Peaks and a cozy gas fireplace. You can also walk to the Pickle Ball courts! Won't last long!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Sunridge Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunridge Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$250 | |
| Property Insurance | -$66 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
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.
$499,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 1.7% |
| 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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
4.33
YEARS SAVED
$20,666
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
-
$2,098
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
15856 E Bursage Drive Fountain Hills, AZ 1
- 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16008 E Glendora Drive Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991
LEASED 11/23/19- Rent
- Rent Per SQFT
- $1,800
- $1.04
-
16231 E Bainbridge Avenue Fountain Hills, AZ 3
- 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
16627 E Bayfield Drive #2 Fountain Hills, AZ 4
- 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2016
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,910
- $1.03
-
15731 E Thistle Drive Fountain Hills, AZ 5
- 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
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181267
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
