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16129 E Trevino Drive Fountain Hills, AZ 85268

4 Beds 3 Baths 3,042 sqft Built 1987

$779,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $256.08
  • 4 Days on Market
  • MLS # : 6186779
  • Updated Date : 01/28/2021 at 19:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,042 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Nestled on a flat acre plus lot, this rare property has PHENOMENAL VIEWS! Enjoy plenty of space to add a pool, casita, tennis court, or additional garages. Step inside and instantly notice the endless potential from the spacious living room with soaring vaulted beamed ceilings and plenty of natural lighting. Functionality meets convenience with a split floorplan featuring 2 full master suites with dual sinks and walk in closets. The large kitchen is well thought out with ample space, plenty of cabinetry, large island, breakfast bar, and pantry. The low maintenance backyard is a true blank canvas with tons of flat space, covered patio, and view fencing.

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
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,706
Property Tax -$391
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$592

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.

$779,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.35%

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

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 16129 E Trevino Drive Fountain Hills, AZ 1
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 15740 E Tumbleweed Drive Fountain Hills, AZ 3
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1990
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 16755 E Nicklaus Drive Fountain Hills, AZ 4
    • 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Susan Pellegrini
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186779
Last Updated: 01/28/2021
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.

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