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15945 E Thistle Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,324 sqft Built 1988

$615,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
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!

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,3003$2,5004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 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
Claribel Leon
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174309
Last Updated: 12/23/2020
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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