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16001 E Glendora Drive Fountain Hills, AZ 85268

3 Beds 3 Baths 1,954 sqft Built 1990

$489,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $250.72
  • 2 Days on Market
  • MLS # : 6179067
  • Updated Date : 01/09/2021 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,954 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This great home on a cul-de-sac lot has a large fenced backyard with covered patio, water feature, storage shed and RV gate. Beautifully updated kitchen and all 3 baths. Granite counters, lighted ceiling fans, new baseboards and new fixtures throughout. Eat-in center-island kitchen has brand new stainless appliances and opens to family room with fireplace. Separate living/dining area has new wood plank tile flooring. Soaring 16 foot ceiling. Wheelchair accessible downstairs master suite has wood flooring, double sinks, roll-in/walk-in shower and walk-in closet. Upstairs are 2 newly carpeted bedrooms and loft with mountain views, bath with double sinks, skylight and new shower. Garage has workbench, storage cabinets, new garage door and keypad. New AC Jan 2021, new paint inside and out, new

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k408k

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

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $10002077

* 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
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,702
Property Tax -$246
Property Insurance -$65
HOA -$28
Property Management Fees -$99
CASH FLOW
-$109

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.

$489,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,022

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,9004$1,9005$2,030
$2,030
RENT COMPS ANALYSIS
  • 16001 E Glendora Drive Fountain Hills, AZ 5
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.04
    •  
  • 14263 N Fountain Hills Boulevard #2 Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1975
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 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
    •  
  • 16351 E Bainbridge Avenue Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1994
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
  • 16231 E Bainbridge Avenue Fountain Hills, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Peter Shambreskis
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179067
Last Updated: 01/09/2021
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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