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15911 E Eagle Rock Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,377 sqft Built 1995

$710,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $298.70
  • 2 Days on Market
  • MLS # : 6157486
  • Updated Date : 11/06/2020 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,377 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Meticulously maintained and remodeled top to bottom, this stunning single level home is sure to please. Enjoy sophisticated updates throughout fusing convenience and functionality for the modern age. Gently perched above the street, instantly notice manicured low maintence landscaping from the moment you arrive. An open concept great room provides effortless entertainment with ample space, plank flooring, mosaic tiled fireplace, and walls of brand new Low-E windows found throughout the entire home. The chefs kitchen is completely new with brand new cabinetry, quartz countertops, massive island, subway backsplash, stainless steel appliances, and breakfast bar. The master is a true retreat with vaulted ceilings, massive class shower, freestanding tub, raised dual vanity, water closet,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Eagle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k707k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Golden Eagle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452888

* 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
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,620
Property Tax -$356
Property Insurance -$74
HOA -$3
Property Management Fees -$99
CASH FLOW
-$862

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.

$710,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,170

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,290

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,561

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2903$2,2954$2,5005$2,950
$2,950
RENT COMPS ANALYSIS
  • 15911 E Eagle Rock Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 2,377 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,377 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.96
    •  
  • 14201 N Westminster Place Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1987
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 16027 N Overlook Court Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1976
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 15869 E Ponderosa Drive Fountain Hills, AZ 4
    • 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
    •  
  • 15848 E Bursage Drive Fountain Hills, AZ 5
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
PROPERTY LISTING DETAILS
Karen J. Degeorge
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157486
Last Updated: 11/06/2020
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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