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9928 N Canyon View Lane Fountain Hills, AZ 85268

4 Beds 5 Baths 6,201 sqft Built 2005

$1,799,000

List Price

$5,440

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $290.11
  • 48 Days on Market
  • MLS # : 6139102
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 6,201 sqft
  • Baths : 4 full , 1 half
Listing Agent

Mco Realty

Listing Agent's Description

Casual elegance whispers through out this spacious,Luxury Home. Entertainers delight in the Chefs Gourmet eat in kitchen w breakfast bar and large center island w/ refrigerator drawers. Two dishwashers,Wolfe gas range, sub zero fridge, walk in pantry, built in desk. Luxurious master suite, 3 spacious en-suite bedrooms. Beautifully designed office w/closet. Great room floor plan w formal living and dining. Lower level game & media room, kitchenette,and powder room. Private Out door living w/pool,spa, fire-pit, built in BBQ area and turf putting green. Abundant covered patios above and below. The mountain and city light views are captivating. Great entertaining home with a open European vibe. Plenty of room in the 4 car garage with built in storage. Must see to appreciate the nuances.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Firerock

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1003k

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

Neighborhood: Firerock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$1,619,100$1,978,900$1,799,000

PURCHASE PRICE

$4,896$5,984$5,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,440
EXPENSES Loan Payment -$6,638
Property Tax -$975
Property Insurance -$148
HOA -$23
Property Management Fees -$99
CASH FLOW
-$2,443

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,799,000

PROJECTED PRICE

$5,440

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,485

INVESTMENT

$482,485

Down Payment
$449,750
Rehab Estimate
$5,750
Closing Costs
$26,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,750
Loan Amount $1,349,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $7,193

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,5003$7,500
$7,500
RENT COMPS ANALYSIS
  • 9928 N Canyon View Lane Fountain Hills, AZ 1
    • 4 beds 5 baths ∙ 6,201 Sqft ∙ Built 2005 4 beds 5 baths ∙ 6,201 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9706 N Four Peaks Way Fountain Hills, AZ 2
    • 4 beds 6 baths ∙ 6,271 Sqft ∙ Built 2003 4 beds 6 baths ∙ 6,271 Sqft ∙ Built 2003
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.04
    •  
  • 11812 N 142nd Street Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 5,863 Sqft ∙ Built 2005 5 beds 5 baths ∙ 5,863 Sqft ∙ Built 2005
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.28
    •  
PROPERTY LISTING DETAILS
Cyndi Dunham
Mco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6139102
Last Updated: 11/13/2020
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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