12050 N Panorama Dr #209 · Fountain Hills, AZ
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 5/10 · Moderate
- Est. fire insurance / yr
- $610 – $1,132
Heat risk 8/10 · Major
- Hot days now (above 112°F)
- 5 days/yr
- Hot days in 30 yrs
- 12 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Cash flow +13.0/30.0
- 1% rule +4.5/10.0
- DSCR +3.9/10.0
- Schools +3.6/10.0
- Livability +3.5/5.0
- Rent growth +2.8/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$265,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Great opportunity in the heart of Fountain Hills! Best value in the zip code for a 2 bed/2 bath condo with a garage. This top floor unit on one level, has views, with new carpet, paint, washer/dryer and dishwasher! A perfect investment, primary residence or vacation property. Only a 1/2 mile walk, run or bike ride to Fountain Park. Lounge by the pool and enjoy fountain, mountain and wash views. Walk-in kitchen pantry, walk-in master closet, in unit laundry, 1 garage space and covered balcony.
Key facts
- $440 HOA
- Garage
- Community pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $265k.
Deal economics
- At list price, monthly cash flow is $-15 ($-174/yr) — negative.
- To cash-flow at today's rent, offer at most $262k (1.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (4.6% below list).
- Recommended offer: $233k (12.0% below list) — sets the bar for market timing.
- Cap rate 6.2% vs local median 3.4% in Fountain Hills — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 69/100 on livability (#45 in AZ) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, housing A; Watch: amenities F, commute F, cost of living F.
- Fountain Hills Unified District (4247) (other): math 32% / reading 47% proficiency, ranked #61 of 249 in AZ (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
- Market conditions: Rents rising (+1.0%/yr); 448 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
- Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 122 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
- 14 sale attempts since 22y ago; this cycle's ask has dropped $35k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $180k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.95% ✗
- Cap rate
- 6.23%
- Cash-on-cash
- -0.23%
- DSCR
- 0.99
- GRM
- 8.7
CMA / ARV
- ARV (median comp)
- $327,787
- List price
- $265,000
- Delta
- -19.15%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 1.03% rent growth · sell at horizon
- IRR
- -19.1%
- Equity multiple
- 0.34×
- Total profit
- $-48,634
- Equity at exit
- $39,512
- IRR
- -16.7%
- Equity multiple
- 0.16×
- Total profit
- $-62,327
- Equity at exit
- $22,912
Cash invested: $74,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Arizona
- 87 Strongly Landlord-Friendly · R+3
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 85268
- Rents YoY
- 1.0%
- Active inventory
- 448
- Price-to-rent
- 8.7×
Monthly cashflow live
- Estimated rent
- $2,529 high interval (Pro) →
- Mortgage (P&I)
- −$1,390
- Tax from tax record
- −$73 /mo · $871/yr
- Insurance
- −$110
- HOA
- −$440
- Vacancy / Maint / Mgmt
- −$531
- Net cashflow
- $-15
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $66,250
- Closing costs
- $7,950
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 12050 N Panorama Dr #208 Fountain Hills, AZ | 2.0 | 2.0 | 1399 | $2,430 | $1.74 | 44d | 1 | 0.04mi |
| 12005 N Panorama Dr Fountain Hills, AZ | 1.0–2.0 | 1.0 | 830 | $2,850 | $3.43 | 24d | 2 | 0.17mi |
| 111652 N Saguaro Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1500 | $2,299 | $1.53 | 44d | 1 | 0.25mi |
| 12237 N Gambel Dr Fountain Hills, AZ | 2.0 | 2.0 | 1417 | $2,590 | $1.83 | 24d | 1 | 0.25mi |
| 16812 E Lamplighter Way #10 Fountain Hills, AZ | 2.0 | 2.0 | 1393 | $4,200 | $3.02 | 44d | 1 | 0.34mi |
| 17343 E Quail Ridge Dr Fountain Hills, AZ | 2.0 | 2.0 | 1323 | $5,000 | $3.78 | 44d | 1 | 0.37mi |
| 16800 E El Lago Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1348 | $3,350 | $2.49 | 5d | 2 | 0.38mi |
| 16724 E Gunsight Dr #219 Fountain Hills, AZ | 2.0 | 1.5 | 1017 | $2,595 | $2.55 | 5d | 1 | 0.41mi |
| 16800 E El Lago Blvd #2057 Fountain Hills, AZ | 2.0 | 2.0 | 1348 | $4,500 | $3.34 | 24d | 1 | 0.45mi |
| 16715 E El Lago Blvd #214 Fountain Hills, AZ | 2.0 | 2.0 | 1085 | $1,700 | $1.57 | 24d | 1 | 0.46mi |
| 16657 E Gunsight Dr Fountain Hills, AZ | 2.0 | 2.0 | 865 | $1,645 | $1.90 | 11d | 1 | 0.47mi |
| 16631 E El Lago Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1085 | $1,774 | $1.64 | 24d | 2 | 0.58mi |
| 16725 E Avenue of the Fountains Fountain Hills, AZ | 1.0 | 1.0 | 860 | $1,649 | $1.92 | 3d | 1 | 0.60mi |
| 16725 E Avenue of the Fountains Fountain Hills, AZ | 2.0 | 2.0 | 1192 | $2,240 | $1.88 | 44d | 1 | 0.60mi |
| 16725 E Avenue of the Fountains Fountain Hills, AZ | 1.0 | 1.0 | 860 | $1,675 | $1.95 | 13d | 1 | 0.60mi |
| 16725 E Avenue of the Fountains Fountain Hills, AZ | 2.0 | 2.0 | 1192 | $2,199 | $1.84 | 2d | 1 | 0.60mi |
| 12635 N La Montana Dr #15 Fountain Hills, AZ | 2.0 | 1.0 | 858 | $1,495 | $1.74 | 44d | 1 | 0.65mi |
| 16545 E Gunsight Dr #223 Fountain Hills, AZ | 1.0 | 2.0 | 750 | $1,300 | $1.73 | 15d | 1 | 0.65mi |
| 16545 E Gunsight Dr #122 Fountain Hills, AZ | 1.0 | 2.0 | 750 | $1,500 | $2.00 | 15d | 1 | 0.65mi |
| 12213 N Chama Dr Unit 2 Fountain Hills, AZ | 2.0 | 2.0 | 1200 | $2,700 | $2.25 | 5d | 1 | 0.68mi |
| 12213 N Chama Dr Unit 2 Fountain Hills, AZ | 2.0 | 2.0 | 1250 | $2,999 | $2.40 | 44d | 1 | 0.68mi |
| 13507 N Vista del Lago Fountain Hills, AZ | 3.0 | 2.0 | 1386 | $5,800 | $4.18 | 44d | 1 | 0.75mi |
| 16453 E Segundo Dr Unit 1 Fountain Hills, AZ | 3.0 | 2.0 | 1414 | $5,900 | $4.17 | 44d | 1 | 0.75mi |
| 16453 E Segundo Dr Unit 2 Fountain Hills, AZ | 2.0 | 1.0 | 945 | $4,900 | $5.19 | 44d | 1 | 0.75mi |
| 16715 E Parkview Ave Unit 201 Fountain Hills, AZ | 1.0 | 1.0 | 1100 | $1,725 | $1.57 | 4d | 1 | 0.76mi |
| 16525 E Avenue of the Fountains #116 Fountain Hills, AZ | 2.0 | 2.0 | 1190 | $1,575 | $1.32 | 24d | 1 | 0.79mi |
| 16912 E La Montana Dr Unit D124 Fountain Hills, AZ | 2.0 | 2.0 | 987 | $3,500 | $3.55 | 44d | 1 | 0.84mi |
| 13607 N Hamilton Dr Unit A18 Fountain Hills, AZ | 2.0 | 2.0 | 987 | $2,699 | $2.73 | 44d | 1 | 0.86mi |
| 13624 N Saguaro Blvd Unit B118 Fountain Hills, AZ | 2.0 | 2.0 | 1000 | $1,495 | $1.50 | 24d | 1 | 0.87mi |
| 13636 N Saguaro Blvd #103 Fountain Hills, AZ | 2.0 | 2.0 | 912 | $2,800 | $3.07 | 44d | 1 | 0.89mi |
| 16550 E Avenue of the Fountains Fountain Hills, AZ | 1.0–2.0 | 1.0–2.0 | 896 | $2,440 | $2.72 | 3d | 8 | 0.91mi |
| 13804 N Saguaro Blvd #211 Fountain Hills, AZ | 2.0 | 2.0 | 1032 | $3,000 | $2.91 | 44d | 1 | 0.93mi |
| 13818 N Saguaro Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1032 | $1,700 | $1.65 | 5d | 2 | 0.98mi |
| 16750 E Westby Dr Unit B Fountain Hills, AZ | 2.0 | 2.0 | 1076 | $2,800 | $2.60 | 44d | 1 | 1.03mi |
| 16728 E Westby Dr #103 Fountain Hills, AZ | 3.0 | 2.5 | 1360 | $2,199 | $1.62 | 44d | 1 | 1.03mi |
| 17247 E Grande Blvd #8 Fountain Hills, AZ | 2.0 | 2.0 | 1500 | $4,000 | $2.67 | 44d | 1 | 1.03mi |
| 13225 N Fountain Hills Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1063 | $1,750 | $1.65 | 24d | 1 | 1.07mi |
| 13225 N Fountain Hills Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1063 | $1,750 | $1.65 | 22d | 1 | 1.07mi |
| 13225 N Fountain Hills Blvd Fountain Hills, AZ | 2.0 | 2.0 | 1005 | $1,750 | $1.74 | 44d | 1 | 1.07mi |
| 13850 N Hamilton Dr Fountain Hills, AZ | 2.0 | 2.0 | 1282 | $4,000 | $3.12 | 44d | 1 | 1.09mi |
HOA detail condo
- Monthly dues
- $440 · $5,280/yr
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-06-18days on market $265,000 Active 122 DOM
-
2026-06-17days on market $265,000 Active 121 DOM
-
2026-06-16days on market $265,000 Active 120 DOM
-
2026-06-15days on market $265,000 Active 119 DOM
-
2026-06-13days on market $265,000 Active 117 DOM
-
2026-06-09days on market $265,000 Active 113 DOM
-
2026-06-08days on market $265,000 Active 112 DOM
-
2026-06-07days on market $265,000 Active 111 DOM
-
2026-06-04days on market $265,000 Active 108 DOM
-
2026-06-03days on market $265,000 Active 107 DOM
-
2026-06-02days on market $265,000 Active 106 DOM
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2026-06-01days on market $265,000 Active 105 DOM
-
2026-06-01price $265,000 Active 104 DOM
-
2026-05-31days on market $275,000 Active 104 DOM
-
2026-04-23price $275,000 497-char remark
Show marketing remark (497 chars)
Great opportunity in the heart of Fountain Hills! Best value in the zip code for a 2 bed/2 bath condo with a garage. This top floor unit on one level, has views, with new carpet, paint, washer/dryer and dishwasher! A perfect investment, primary residence or vacation property. Only a 1/2 mile walk, run or bike ride to Fountain Park. Lounge by the pool and enjoy fountain, mountain and wash views. Walk-in kitchen pantry, walk-in master closet, in unit laundry, 1 garage space and covered balcony.
-
2026-02-27price $298,500 497-char remark
Show marketing remark (497 chars)
Great opportunity in the heart of Fountain Hills! Best value in the zip code for a 2 bed/2 bath condo with a garage. This top floor unit on one level, has views, with new carpet, paint, washer/dryer and dishwasher! A perfect investment, primary residence or vacation property. Only a 1/2 mile walk, run or bike ride to Fountain Park. Lounge by the pool and enjoy fountain, mountain and wash views. Walk-in kitchen pantry, walk-in master closet, in unit laundry, 1 garage space and covered balcony.
-
2026-02-16$300,000 Active 497-char remark
Show marketing remark (497 chars)
Great opportunity in the heart of Fountain Hills! Best value in the zip code for a 2 bed/2 bath condo with a garage. This top floor unit on one level, has views, with new carpet, paint, washer/dryer and dishwasher! A perfect investment, primary residence or vacation property. Only a 1/2 mile walk, run or bike ride to Fountain Park. Lounge by the pool and enjoy fountain, mountain and wash views. Walk-in kitchen pantry, walk-in master closet, in unit laundry, 1 garage space and covered balcony.
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2026-01-15historical $1,650
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2025-11-08price $1,650
-
2025-10-24price $1,695
-
2025-10-17price $1,725
-
2025-10-10$1,750
-
2018-01-05soldstatus $180,000 Closed 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2018-01-04soldstatus $180,000
-
2017-12-27status Pending 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-12-27$188,000 Active 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-12-22soldstatus $180,000 Closed 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-11-27status Pending 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-11-01status Active 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-10-31historical 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-09-16status Active 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-09-08status Pending 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2017-04-27$188,000 Active 397-char remark
Show marketing remark (397 chars)
Desirable end unit with picture views of mountains. Well maintained, stainless appliances, granite counters, upgraded cabinetry, tile floors, walk-in pantry. Great room & bedrooms carpeted, baths are tiled. Built in 2005, nestled in a wash, has only 20 condos each with single car garages. Rec center: TV, exercise equip, restrooms, All in walking distance of restaurants, shops & dog park
-
2016-04-30historical
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2016-02-10price $185,000
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2015-12-15$195,000 Active
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2015-05-04historical
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2015-05-02$189,000 Active
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2015-05-01Under Contract Accepting Backups
-
2015-01-13status Pending
-
2014-10-13$189,000 Active
-
2014-04-28historical
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2014-03-07price $169,900
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2014-02-07$179,900 Active
-
2007-01-31historical
-
2006-05-26$254,900
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2006-05-13historical
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2006-02-15$289,999
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2004-12-03historical
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2004-11-07$200,950
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast AZ · Resets to sale price
- Current annual tax
- $871 · $73/mo
- Projected year-2 tax
- $1,749 · $146/mo
- Expected delta
- +$878/yr (+$73/mo · 100.8%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
- Wildfire 5/10 Major
- Heat 8/10 Severe 5 d/yr ≥112°F today · 12 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $30,352
- − Mortgage interest
- −$14,844
- − Property taxes
- −$871
- − Insurance
- −$1,325
- − Repairs & maintenance
- −$2,428
- − Management
- −$2,428
- − HOA
- −$5,280
- − Depreciation
- −$7,709
- Taxable loss
- −$4,534
- Est. tax savings @ 24.0%
- +$1,088
- After-tax cash flow
- $914/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Fountain Hills Unified District (4247)
- NCES district ID
- 0403040
- Math proficiency
- 32% ▼ -21.00%
- Reading proficiency
- 47% ▼ -8.00%
- Median HH income
- $75,038
- Composite
- 36.41/100
- National rank
- #4677
- State rank
- #61 of 249 in AZ
Livability — Fountain Hills
- Score
- 69/100
- State rank
- #45
- US rank
- #8769
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Fountain Hills, AZ
- County
- Maricopa County · 4,537,380 people
- City population
- 23,849
- Metro
- Phoenix-Mesa-Chandler, AZ
- Population (ZIP)
- 23,849
- Household income
- $112,795
- Rent vs Own
- Severe rent burden
- 374.0
Population outlook (Maricopa County) Hauer SSP2
- Today (2025)
- 4,979,203 people
- By 2030
- 5,378,229 · +8.0%
- By 2040
- 6,156,598 · +23.6%
- By 2050
- 6,872,376 · +38.0%
- By 2075
- 8,401,270 · +68.7%
- By 2100
- 9,247,439 · +85.7%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (88%)
- Race & ethnicity
- White 88% Two or more races 5% Hispanic / Latino 4% Black 3% Asian 2%
- Common ancestry
- Romanian 4% Portuguese 4% Slovak 3%
- Foreign-born
- 8% · Canada
- Languages at home
- 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%
Political lean MEDSL · Maricopa
- 2024 margin
- Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
- 2008→2024 swing
- +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
- All cycles
- 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -205.81%
- Current HPI
- 283.4064
- Rent YoY
- ▲ 1.03%
- Metro
- Phoenix-Mesa-Chandler, AZ
- State GDP YoY
- ▲ 4.54%
- F500 in state
- 20
Industry mix (Fortune 500 HQ in AZ)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 2 | $13B |
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| Mining / Metals | 1 | $23B |
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| Environmental Services | 1 | $16B |
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| Metals / Steel | 1 | $14B |
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| Technology Distribution | 1 | $9B |
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| Homebuilding | 1 | $8B |
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Price history
+36.8% since first listed36 events — show timeline
- 2026-04-23 Price Changed $275,000 ARMLS
- 2026-02-27 Price Changed $298,500 ARMLS
- 2026-02-16 Listed $300,000 ARMLS
- 2026-01-15 Rental Removed $1,650 ARMLS
- 2025-11-08 Price Changed $1,650 ARMLS
- 2025-10-24 Price Changed $1,695 ARMLS
- 2025-10-17 Price Changed $1,725 ARMLS
- 2025-10-10 Listed for Rent $1,750 ARMLS
- 2018-01-05 Sold (MLS) $180,000 ARMLS
- 2018-01-04 Sold (Public Records) $180,000 Public Records
- 2017-12-27 Pending — ARMLS
- 2017-12-27 Listed $188,000 ARMLS
- 2017-12-22 Sold (MLS) $180,000 ARMLS
- 2017-11-27 Pending — ARMLS
- 2017-11-01 Relisted — ARMLS
- 2017-10-31 Listing Removed — ARMLS
- 2017-09-16 Relisted — ARMLS
- 2017-09-08 Pending — ARMLS
- 2017-04-27 Listed $188,000 ARMLS
- 2016-04-30 Listing Removed — ARMLS
- 2016-02-10 Price Changed $185,000 ARMLS
- 2015-12-15 Listed $195,000 ARMLS
- 2015-05-04 Listing Removed — ARMLS
- 2015-05-02 Listed $189,000 ARMLS
- 2015-05-01 Listed — ARMLS
- 2015-01-13 Pending — ARMLS
- 2014-10-13 Listed $189,000 ARMLS
- 2014-04-28 Listing Removed — ARMLS
- 2014-03-07 Price Changed $169,900 ARMLS
- 2014-02-07 Listed $179,900 ARMLS
- 2007-01-31 Listing Removed — ARMLS
- 2006-05-26 Listed $254,900 ARMLS
- 2006-05-13 Listing Removed — ARMLS
- 2006-02-15 Listed $289,999 ARMLS
- 2004-12-03 Listing Removed — ARMLS
- 2004-11-07 Listed $200,950 ARMLS
Property tax history
-1.4%/yrLatest (2025): $871 · -3.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…