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17217 E Baca Drive Fountain Hills, AZ 85268

4 Beds 2 Baths 1,771 sqft Built 1994

$425,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $239.98
  • 2 Days on Market
  • MLS # : 6156174
  • Updated Date : 11/07/2020 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Well maintained home in a quiet neighborhood. Four bedrooms, two bathrooms, / a three car garage is a rare find. Family room with a wood-burning fireplace that opens up to an island kitchen with stainless steel appliances. No HOA fees. Vaulted ceilings / updated tile throughout plus upgraded carpet bedrooms. Fresh exterior / newer interior two tone paint. New tile roof, A/C, and water heater. Low maintenance desert landscape front and back yards. You have plenty of space in your private backyard to add a pool. Refrigerator, washer and dryer convey with home. Top rated schools nearby. Fountain Hills has been recently voted as one of the best places to live in Arizona that offers residents a sparse suburban living with fantastic outdoor activities: hiking, biking, boating, river and golf.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85268

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k409k

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

Zip Code: 85268

ZipNIR 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,568
Property Tax -$213
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$242

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.

$425,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7004$1,7505$2,200
$2,200
RENT COMPS ANALYSIS
  • 17217 E Baca Drive Fountain Hills, AZ 3
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 17223 E El Pueblo Boulevard Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
  • 17316 E San Marcus Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1985
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.05
    •  
  • 14231 N Silverado Drive Fountain Hills, AZ 4
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 16906 E Britt Court Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1997
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Michael J Innes
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156174
Last Updated: 11/07/2020
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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