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17522 E San Carlos Drive Fountain Hills, AZ 85268

3 Beds 2 Baths 2,433 sqft Built 1973

INVESTimate

$535,000

List Price

$2,150

$1,935 - $2,365

Rent Est.

$552,281  ( +3.23%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $219.89
  • 13 Days on Market
  • MLS # : 6114282
  • Updated Date : 08/17/2020 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,433 sqft
  • Baths : 2 full
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Meticulous Custom-Built Single-Level on 1/3 Acres with 26-panel Solar System and Fabulous Mountain Views! Private Courtyard entrance welcomes you to this extravagantly Updated home with 500+ SF Addition with options for Great Room, Game Room, Bonus Room, or perhaps Guest Quarters. The choice is yours! Among the numerous Updates and Upgrades you will find new or newer Windows, HVAC, Water Heater, Fresh Paint (inside and out), Eat-In Kitchen w/SS Appliances, New Granite Counters, Breakfast Bar adjacent to Abundant Family Room with Cozy Wood Burning Fireplace and Tranquil Mountain Views! Huge Private Yard will easily accommodate a Pool and Spa as well as your Toys and RV. No monthly payments on Solar System. Convenient location, no HOA and Home Warranty make this a Gem in the Desert

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,974
Property Tax -$268
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$266

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.

$535,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,652

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,400
$2,400
RENT COMPS ANALYSIS
  • 17522 E San Carlos Drive Fountain Hills, 1
    • 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 16935 E De Anza Drive Fountain Hills, 2
    • 4 beds 4 baths ∙ 2,206 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,206 Sqft ∙ Built 1986
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Rosa Janssen
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6114282
Last Updated: 08/17/2020
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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