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16506 E Nicklaus Drive Fountain Hills, AZ 85268

4 Beds 3 Baths 3,256 sqft Built 1987

INVESTimate

$889,900

List Price

$2,760

$2,510 - $3,010

Rent Est.

$918,644  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $273.31
  • 7 Days on Market
  • MLS # : 6116753
  • Updated Date : 08/20/2020 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This beautiful custom home is situated on approx. 1.51 acres and features two very large patios that extend the length of the home. The home features unobstructed views of the Fountain Hills Fountain, and Four Peaks! The backyard is an entertainer's dream with space to entertain, a putting green, and a sparkling pool which overlooks the amazing views. This home features 4 bedrooms all situated in the walk out basement, completely remodeled custom chef's kitchen, and two large entertaining spaces upstairs that feature vaulted ceilings and amazing views from every window. This home offers a newer roof, AC unit, windows, custom window tint which reduces UV into the home, newer carpet, refinished hardwood floors, and paint throughout.

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
 

$800,910$978,890$889,900

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$3,283
Property Tax -$446
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$1,159

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.

$889,900

PROJECTED PRICE

$2,760

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,574

INVESTMENT

$241,574

Down Payment
$222,475
Rehab Estimate
$5,750
Closing Costs
$13,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,283

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,475
Loan Amount $667,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,955

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,7003$2,7604$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 16506 E Nicklaus Drive Fountain Hills, 3
    • 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.85
    •  
  • 17031 E Lema Circle Fountain Hills, 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
    •  
  • 16129 E Trevino Drive Fountain Hills, 2
    • 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
    •  
  • 10643 N Indian Wells Drive Fountain Hills, 4
    • 3 beds 4 baths ∙ 3,250 Sqft ∙ Built 1974 3 beds 4 baths ∙ 3,250 Sqft ∙ Built 1974
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
  • 16755 E Nicklaus Drive Fountain Hills, 5
    • 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 1974
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jerry Pickett
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116753
Last Updated: 08/20/2020
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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