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17685 E Woolsey Way Rio Verde, AZ 85263

2 Beds 2 Baths 1,827 sqft Built 2017

$584,900

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $320.14
  • 2 Days on Market
  • MLS # : 6172670
  • Updated Date : 12/19/2020 at 12:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

WHY WAIT TO BUY NEW - This beautiful well-designed home with 2 bedroom plus den has all the desired features, and a view of Four Peaks from the backyard fire pit. Entertain in the gourmet kitchen with Monogram appliances, upgraded cabinets, expansive island, granite counters and pantry. Great room w/ upgraded 15' multi-slide patio door opens to a spacious patio w/ remote solar screens, an awning, prof. landscaping and fire-pit; Master suite is equipped with luxurious shower and spacious walk-in closet; Laundry upgraded to Smart Workspace; Den includes a murphy bed. Features incl. blinds, water softener, recirculating hot water; Garage w/ built-in cabinets. Verde River Golf and Social Club offers golf, tennis, pickleball, spa, pools, wine club, Needle Rock Kitchen & Tap, plus so much more!

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 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
 

$526,410$643,390$584,900

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,158
Property Tax -$396
Property Insurance -$63
HOA -$127
Property Management Fees -$99
CASH FLOW
$97

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.

$584,900

PROJECTED PRICE

$2,940

PROJECTED RENT

0.50%

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$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,749

INVESTMENT

$160,749

Down Payment
$146,225
Rehab Estimate
$5,750
Closing Costs
$8,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,225
Loan Amount $438,675
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$48,507

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
  • $2,960

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,500
$2,500
RENT COMPS ANALYSIS
  • 17685 E Woolsey Way Rio Verde, AZ 1
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17660 E Fort Verde Road Rio Verde, AZ 2
    • 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
Joanne Ossanna
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172670
Last Updated: 12/19/2020
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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