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17007 E Rand Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 1,709 sqft Built 1998

$467,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $273.26
  • 2 Days on Market
  • MLS # : 6181715
  • Updated Date : 01/15/2021 at 22:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full
Listing Agent

Infinity Wealth Real Estate

Listing Agent's Description

Come check out this 3 bed, 2 bath remodeled beauty featuring an open/great room floorplan with vaulted ceilings. Step inside to professionally refinished cabinets topped with beautiful quartz throughout! The kitchen boasts extended peninsula seating, floating shelves, upgraded crown molding, walk-in pantry, stainless steel appliances, plus a wet bar. There is fresh paint inside/out, new LED can lights, upgraded fans & fixtures, new fireplace mantel/quartz accent, a custom walk-in shower, all new tile throughout & carpet in the bedrooms. This 2.5 car garage has an extra workspace area, new garage opener, soft-water pre-plumb along with built-in cabinets. The covered patio is screened-in with ceilings fans ready for your rest & relaxation. Low maintenance yard, you will not be disappointed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Fountain Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$420,300$513,700$467,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,622
Property Tax -$234
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$186

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.

$467,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7993$1,8304$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 17007 E Rand Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.07
    •  
  • 11244 N Saguaro Boulevard #102 Fountain Hills, AZ 1
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1985
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
  • 12270 N Chama Drive #a Fountain Hills, AZ 2
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1980
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.07
    •  
  • 17020 E Kiwanis Drive #104 Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 2003
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
  • 11817 N Nightingale Circle #a Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Travis Adams
Infinity Wealth Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181715
Last Updated: 01/15/2021
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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