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17426 E Desert Vista Trail Rio Verde, AZ 85263

2 Beds 2 Baths 1,543 sqft Built 2015

$705,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $456.90
  • 3 Days on Market
  • MLS # : 6202436
  • Updated Date : 03/05/2021 at 14:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,543 sqft
  • Baths : 2 full
Listing Agent

Dave Froehlich Realty, Llc

Listing Agent's Description

Former ''Juniper'' model at Trilogy Verde River. 2bd/2bath. Premier 12,000 ft, corner lot overlooking the 9th hole, with amazing views of mountains & golf course. Nothing to be built on left side of lot. Over 280k in upgrades including an air-conditioned garage with separate HVAC unit, custom water feature, fire pit, built in BBQ, artificial turf & large tiled patio. Kitchen features upgraded granite, custom cabinetry with additional, lighted uppers. Gourmet appliance package with multiple ovens, and gas range. Built in desk with extended granite & walk-in pantry. Master suite has views of mountains and golf course, along with upgraded lighting and window coverings. Master bath has sliding barn door, upgraded shower, and large walk-in closet. See complete list of options in documents tab.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista Verde

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k690k

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

Neighborhood: Vista Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452612

* 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 High School High Regular 617 31 7
Four Peaks Elementary School Primary Unknown NA

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 9
6
GreatSchools Rating

Fountain Hills High School

  • Education Level: High
  • # of students: 617
  • # of teachers: 31
7
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$634,500$775,500$705,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,449
Property Tax -$456
Property Insurance -$57
HOA -$127
Property Management Fees -$99
CASH FLOW
-$669

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.

$705,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$192,575

INVESTMENT

$192,575

Down Payment
$176,250
Rehab Estimate
$5,750
Closing Costs
$10,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,449

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $176,250
Loan Amount $528,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,500

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,520
$2,520
RENT COMPS ANALYSIS
  • 17426 E Desert Vista Trail Rio Verde, AZ 2
    • 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.63
    •  
  • 17660 E Fort Verde Road Rio Verde, AZ 1
    • 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.62
    •  
PROPERTY LISTING DETAILS
Christopher Siedentop
Dave Froehlich Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202436
Last Updated: 03/05/2021
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.

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