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16334 E Crystal Point Drive Fountain Hills, AZ 85268

4 Beds 3 Baths 2,826 sqft Built 1997

$620,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $219.39
  • 4 Days on Market
  • MLS # : 6175713
  • Updated Date : 12/31/2020 at 20:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,826 sqft
  • Baths : 3 full
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Crystal Ridge 4 Bedroom, only blocks from the charming Town Center and Lakeside Village activities. Big views of Mazatzal Mountain range and Four Peaks plus the Fountain from the nicely landscaped backyard...backing up to Open Space! Split bedroom plan with 3 large bedrooms in a private wing. Large living spaces include a Great Room that offers a cozy media space, fireplace and easy access to the large island kitchen with a spacious nook. There's also a grand center living/dining area with great views out to the HUGE patio where you'll want to spend all your time. Well maintained home with all the right spaces, including a 3-car garage!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k575k

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

Neighborhood: Crystal Ridge

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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,288
Property Tax -$311
Property Insurance -$82
HOA -$7
Property Management Fees -$99
CASH FLOW
-$86

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.

$620,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$36,534

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
  • $2,883

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,9504$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 16334 E Crystal Point Drive Fountain Hills, AZ 1
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12022 N Chama Drive #a Fountain Hills, AZ 2
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2014
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 15848 E Bursage Drive Fountain Hills, AZ 3
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1999
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
  • 15740 E Tumbleweed Drive Fountain Hills, AZ 4
    • 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
    •  
  • 17123 E Malta Drive Fountain Hills, AZ 5
    • 3 beds 3 baths ∙ 2,925 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,925 Sqft ∙ Built 1990
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Dori A Wittrig
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175713
Last Updated: 12/31/2020
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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