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17304 E El Pueblo Boulevard Fountain Hills, AZ 85268

3 Beds 2 Baths 1,532 sqft Built 1985

$407,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $265.67
  • 2 Days on Market
  • MLS # : 6182040
  • Updated Date : 01/16/2021 at 19:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Single level home lovingly updated with neutral toned finishes with an open floor-plan. Newer low E dual pane windows. Step inside the living room and instantly notice soaring ceilings and stunning wood plank tile found throughout. Just off the family room, enjoy an incredible kitchen with quartz countertops, new stainless steel appliances, breakfast bar, and incredible glass backsplash. An oversized master bedroom with plush carpeting, walk-in closet, raised marble dual vanity and private patio access. Two additional bedrooms, incredible 2nd bathroom, & large laundry room complete the main home. Step outside to covered patio with pergola. Welcome Home!

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
 

$366,300$447,700$407,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,414
Property Tax -$204
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$84

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.

$407,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530$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$113,605

INVESTMENT

$113,605

Down Payment
$101,750
Rehab Estimate
$5,750
Closing Costs
$6,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,750
Loan Amount $305,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,789

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6253$1,6904$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 17304 E El Pueblo Boulevard Fountain Hills, AZ 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.10
    •  
  • 17419 E El Pueblo Boulevard Fountain Hills, AZ 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1986
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.25
    •  
  • 17130 E Oro Grande Drive Fountain Hills, AZ 2
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1981
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.15
    •  
  • 14219 N Yerba Buena Way Fountain Hills, AZ 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 15071 N Escondido Drive Fountain Hills, AZ 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.20
    •  
PROPERTY LISTING DETAILS
Suzanne Nann
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182040
Last Updated: 01/16/2021
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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