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17015 E Calaveras Avenue Fountain Hills, AZ 85268

2 Beds 2 Baths 1,158 sqft Built 1973

$300,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $259.07
  • 4 Days on Market
  • MLS # : 6159576
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,158 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Easy and enjoyable living in this one-level move in ready updated low maintenance home. Nice private yard, covered paver patios and an attached 2 car garage with storage. Lives like a single family home. You're going to love the updates, including a permitted Master Bathroom addition to the home and the completely updated large Kitchen. Additional benefits you'll appreciate are brand new AC, newer windows, tile plank flooring, paver patios, updated stucco, fire pit, outdoor kitchen with bar seating and all very efficient with SRP electric bills under $100/mo. The Casa HOA is only $55 and the community offers a very nice community pool, nice grounds and an option for trailer or camper storage in the community lot. Walk to Boys & Girls Club, Four Peaks Park, EVIT and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $79k408k

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

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9702077

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,107
Property Tax -$150
Property Insurance -$50
HOA -$55
Property Management Fees -$99
CASH FLOW
-$231

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.

$300,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,222

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1503$1,2004$1,2305$1,400
$1,400
RENT COMPS ANALYSIS
  • 17015 E Calaveras Avenue Fountain Hills, AZ 4
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.06
    •  
  • 17010 E Calle Del Oro -- #c Fountain Hills, AZ 1
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1973
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.00
    •  
  • 14416 N Teakwood Lane #171 Fountain Hills, AZ 2
    • 2 beds 1 baths ∙ 1,026 Sqft ∙ Built 1973 2 beds 1 baths ∙ 1,026 Sqft ∙ Built 1973
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.12
    •  
  • 14231 N Ibsen Drive #b Fountain Hills, AZ 3
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1985
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.96
    •  
  • 16727 E Bayfield Rd B Street #b Fountain Hills, AZ 5
    • 2 beds 2 baths ∙ 1,226 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,226 Sqft ∙ Built 1987
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jay T Schlum
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159576
Last Updated: 11/13/2020
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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