Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16123 E Tombstone Avenue Fountain Hills, AZ 85268

3 Beds 3 Baths 2,973 sqft Built 2002

$890,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $299.36
  • 3 Days on Market
  • MLS # : 6185203
  • Updated Date : 01/30/2021 at 05:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,973 sqft
  • Baths : 3 full
Listing Agent

Aeris House Properties, Llc

Listing Agent's Description

Privacy...Your Sanctuary in the Hills!! Our Tombstone Avenue property is located within an enclave of custom $1,000,000 (plus) homes. With the property sitting perfectly on 1.3 acres, your views of the McDowell Mountains, and secluded rear lot privacy are ideal. Pride in craftsmanship and quality materials are displayed upon entry to the home through the solid Alder wood door, the modern chandelier and the porcelain inlay tile. Gorgeous hickory cabinets galore, with full overlay raised panels and crown molding adorn the spacious kitchen. Sub-Zero refrigerator, convection oven, stone counters, and convenient prep island make this any chef's dream. Private spa, intimate fireplace, sitting area and picturesque windows greet you upon entry into the spacious master en-suite. (more)

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 High School High Regular 617 31 7
Four Peaks Elementary School Primary Unknown NA

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$801,000$979,000$890,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$3,091
Property Tax -$446
Property Insurance -$85
HOA -$1
Property Management Fees -$99
CASH FLOW
-$1,153

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.

$890,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.29%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,091

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,594

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,5003$2,5704$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 16123 E Tombstone Avenue Fountain Hills, AZ 3
    • 3 beds 3 baths ∙ 2,973 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,973 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.86
    •  
  • 17031 E Lema Circle Fountain Hills, AZ 1
    • 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.78
    •  
  • 15953 E Cholla Drive Fountain Hills, AZ 2
    • 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,940 Sqft ∙ Built 1995
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 15025 E Scarlet Sky Lane #2 Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 2,680 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,680 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 16129 E Trevino Drive Fountain Hills, AZ 5
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Judi Ann Murdock
Aeris House Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185203
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy