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16384 N Dryad Place Fountain Hills, AZ 85268

3 Beds 3 Baths 3,126 sqft Built 2013

$1,150,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $367.88
  • 16 Days on Market
  • MLS # : 6174414
  • Updated Date : 01/09/2021 at 00:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,126 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This is a distinctive custom contemporary home with spectacular mountain views, privacy & smart home technology. No expense was spared, no detail left undone. This very impressive home is like no other. From the technology & Sierra-Pacific windows to the matching wood grain of the cabinets, & home theater; you will be wowed. The home flows beautifully with three bedrooms, three bathrooms, three car garage, two patios, 3126 sqft and room for a pool. The architectural features please eye and define the rooms. The great room windows frame the most amazing views of the McDowells and Eagles Nest. The luxurious owner's suite features a jetted tub, walk in shower w/ multi-head massaging shower heads, porcelain Italian tile, dual vanities, makeup vanity, and an abundance of storage.

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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,994
Property Tax -$577
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$1,508

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.

$1,150,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.28%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,720

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,5003$3,750
$3,750
RENT COMPS ANALYSIS
  • 16384 N Dryad Place Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 3,126 Sqft ∙ Built 2013 3 beds 3 baths ∙ 3,126 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.04
    •  
  • 15448 N Cabrillo Drive Fountain Hills, AZ 2
    • 4 beds 2 baths ∙ 3,067 Sqft ∙ Built 1997 4 beds 2 baths ∙ 3,067 Sqft ∙ Built 1997
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.14
    •  
  • 15442 E Acacia Way Fountain Hills, AZ 3
    • 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 1997
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.24
    •  
PROPERTY LISTING DETAILS
Susan Dempster
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174414
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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