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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $341.09
- 25 Days on Market
- MLS # : 6175404
- Updated Date : 01/31/2021 at 02:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,891 sqft
- Baths : 2 full , 1 half
Listing Agent
Local Board Real Estate
Listing Agent's Description
Beautiful curb appeal for this elegant 2 bed 2.5 bath home that is located in the gated community of Diamante Del Lago overlooking Fountain Hills! Enter to stunning views from the large picture windows in the elegant open floor plan. Gorgeous wood floors, beautiful fireplace, and gold fixtures. The stunning chef's kitchen has custom white cabinets, white marble floors, gorgeous viking appliances, and a large island. The master has a gorgeous full bath to include a double vanity, marble & glass block surround soaking tub, separate shower, and a walk-in closet. The back patio has amazing views in every direction, from mountains, to city lights to the famous fountain! This is a must see home!
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PRICE & RENT TRENDS
Neighborhood: Diamante del Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamante del Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$2,240 |
| Property Tax | -$323 | |
| Property Insurance | -$64 | |
| HOA | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$857
|
||
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.
$645,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$176,675
LOAN DETAILS
$2,240
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $161,250 |
| Loan Amount | $483,750 |
0.25
YEARS SAVED
$131
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,047
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
17343 E Fontana Way Fountain Hills, AZ 3
- 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,960
- $1.04
-
16800 E El Lago Boulevard #2083 Fountain Hills, AZ 1
- 2 beds 2 baths ∙ 1,633 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,633 Sqft ∙ Built 2006
LEASED 10/26/19- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
16800 E El Lago Boulevard #2040 Fountain Hills, AZ 2
- 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
-
16514 E Westwind Court Fountain Hills, AZ 4
- 2 beds 3 baths ∙ 1,660 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,660 Sqft ∙ Built 2006
LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,975
- $1.19
-
13013 N Panorama Drive #114 Fountain Hills, AZ 5
- 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1995
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.11
PROPERTY LISTING DETAILS
Local Board Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175404
Last Updated: 01/31/2021
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.
