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15911 E Brodiea Drive Fountain Hills, AZ 85268

2 Beds 2 Baths 2,050 sqft Built 1990

$469,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $228.78
  • 2 Days on Market
  • MLS # : 6167315
  • Updated Date : 12/05/2020 at 13:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Sunny and bright single-level home with great Mountain VIEWS! PLUS a 3 car garage and an RV Gate you should have most of your boxes checked! You'll love the front facing breakfast room and spacious kitchen. Vaulted ceilings with clerestory windows and a cozy fireplace in the living room. Huge master suite with sitting area and exit to the patio. Newer roof, HVAC and water heater. Third bedroom can be easily done and room for a pool if needed. Furnishings may be sold on a separate bill of sale for a turn-key investment property. Home is currently rented January-April and buyers will have to honor the lease and can't take possession prior to May 10, 2020.

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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,730
Property Tax -$253
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$101

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.

$469,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.48%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$43,887

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
  • $2,385

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$2,1004$2,550
$2,550
RENT COMPS ANALYSIS
  • 15911 E Brodiea Drive Fountain Hills, AZ 1
    • 2 beds 2 baths ∙ 2,050 Sqft ∙ Built 1990 2 beds 2 baths ∙ 2,050 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16800 E El Lago Boulevard #2040 Fountain Hills, AZ 2
    • 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 13013 N Panorama Drive #114 Fountain Hills, AZ 3
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 12625 N Saguaro Boulevard #203 Fountain Hills, AZ 4
    • 2 beds 3 baths ∙ 1,830 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,830 Sqft ∙ Built 2008
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.39
    •  
PROPERTY LISTING DETAILS
Lisa Murray
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167315
Last Updated: 12/05/2020
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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