Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17343 E Fontana Way Fountain Hills, AZ 85268

2 Beds 3 Baths 1,891 sqft Built 2002

$645,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamante del Lago

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k555k

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

Neighborhood: Diamante del Lago

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
 

$580,500$709,500$645,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

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

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-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

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
$1,700
1$1,7002$1,8503$1,9604$1,9755$2,100
$2,100
RENT COMPS ANALYSIS
  • 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
Raena Matousek
Local Board Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175404
Last Updated: 01/31/2021
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.

BESbswy