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17739 E Silver Sage Lane Rio Verde, AZ 85263

2 Beds 3 Baths 2,267 sqft Built 2017

$599,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $264.23
  • 4 Days on Market
  • MLS # : 6177589
  • Updated Date : 01/08/2021 at 18:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,267 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Endless view! If you're wanting the views offered by Verde River but don't want to pay the builder premiums then this is your opportunity. This Brasada floor plan is one of the most popular in Trilogy with a comfortable 2,200 sq/ft, 10' ceilings with 2 bedrooms and a den. The owners of the home added a separate laundry room which creates a HUGE walk in pantry/storage room. As you walk up to the home note the large covered porch perfect for lounging with neighbors. Entering note the high ceilings and wide hall that leads to the greatroom with 15 sliding glass door. Warm finishes, stainless steel appliances, custom window shades and central vac are all upgrades. Private en-suite in guest room will be welcomed by your visitors. If you're looking for value with views, this is your home!

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,081
Property Tax -$388
Property Insurance -$71
HOA -$123
Property Management Fees -$99
CASH FLOW
$78

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.

$599,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.47%

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

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$39,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,840
$2,840
RENT COMPS ANALYSIS
  • 17739 E Silver Sage Lane Rio Verde, AZ 2
    • 2 beds 3 baths ∙ 2,267 Sqft ∙ Built 2017 2 beds 3 baths ∙ 2,267 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.25
    •  
  • 17905 E Cindercone Road Rio Verde, AZ 1
    • 2 beds 2 baths ∙ 2,200 Sqft ∙ Built 2019 2 beds 2 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Michael Hosfeld
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177589
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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