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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $264.63
- 4 Days on Market
- MLS # : 6174309
- Updated Date : 12/23/2020 at 19:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,324 sqft
- Baths : 2 full
Listing Agent
Homesmart Success
Listing Agent's Description
Prepare to be amazed! This outstanding home is now for sale in Fountain Hills! You'll absolutely love this easy care gravel landscaping and the incredible mountain views you can enjoy from your front and back patio. Step inside this beauty to find a bright dining area with a gorgeous chandelier, two-way fireplace ideal for this winter, vaulted ceilings, and glass sliding-doors that bring in lots of natural light. This eat-in kitchen includes bay windows that give you amazing pool views, lovely appliances, and beautiful pendant lighting. Inside the grandiose, double-door master bedroom, you will find two private exits, one leading to sitting room, along with a lavish bathroom including everything you need. The incredible backyard with sparkling blue pool is ready for entertainers. Call now!
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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 | $2,300 |
| EXPENSES | Loan Payment | -$2,269 |
| Property Tax | -$308 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$449
|
||
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.
$615,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.37%
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
$168,725
LOAN DETAILS
$2,269
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
2.17
YEARS SAVED
$10,182
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,487
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
15945 E Thistle Drive Fountain Hills, AZ 2
- 3 beds 2 baths ∙ 2,324 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,324 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
15604 E Chicory Drive Fountain Hills, AZ 1
- 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
-
15869 E Ponderosa Drive Fountain Hills, AZ 3
- 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
-
15959 E Cholla Drive Fountain Hills, AZ 4
- 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1992
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,500
- $1.10
-
11226 N Pinto Drive Fountain Hills, AZ 5
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987
LEASED 10/03/20- Rent
- Rent Per SQFT
- $2,500
- $1.17
PROPERTY LISTING DETAILS
Homesmart Success
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174309
Last Updated: 12/23/2020
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.
