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17144 E Kensington Place Fountain Hills, AZ 85268

4 Beds 3 Baths 2,334 sqft Built 1995

$525,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $224.94
  • 3 Days on Market
  • MLS # : 6208132
  • Updated Date : 03/20/2021 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,334 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This 4 bedroom, 2.5 bath home with a pool, spa and RV gate is waiting for the next family to come enjoy it. Master bedroom downstairs along with a half bath, then three bedrooms and a full bath upstairs. Master bedroom has a slider so you are just steps to the pool and spa. The backyard oasis has lots of room to entertain and backs to an open space for added privacy. Kitchen opens to the family room and eat-in dining for that open concept living. Recent improvements include new tile in master bedroom with extra in the garage for the bathroom remodel. New water softener in 2021. New patio and gazebo in 2020. New wine fridge in 2020. Shiplap wall added to family room in 2020. Motorized interior shade in master with remote.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunrise Point

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k408k

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

Neighborhood: Sunrise Point

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 High School High Regular 617 31 7
Four Peaks Elementary School Primary Unknown NA

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,824
Property Tax -$263
Property Insurance -$73
HOA -$10
Property Management Fees -$99
CASH FLOW
$252

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.

$525,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$54,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5203$2,995
$2,995
RENT COMPS ANALYSIS
  • 17144 E Kensington Place Fountain Hills, AZ 2
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.08
    •  
  • 16111 E Kingstree Boulevard #2 Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1984
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 11014 N Valley Drive Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 1986
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.14
    •  
PROPERTY LISTING DETAILS
Nicole Violette
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208132
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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