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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $342.09
- 2 Days on Market
- MLS # : 6170567
- Updated Date : 12/11/2020 at 21:44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,827 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Tranquility in the Desert! Virtually Brand New Acacia Floor Plan with over $130,000in builder upgrades. Premium lot placed perfectly in the subdivision for privacy yet still close to clubhouse amenities. Gorgeous white kitchen, light plank tile wood floors throughout. Split bedrooms plus a den/smart room for an office, exercise or game room. Extended Sliding Glass doors lead to Extensively, Upgraded, fully fenced backyard with fire pit. PRIVATE SPOOL, with jets. Beautifully appointed, turn key home ready for you. Most Furnishings available by separate bill of sale.
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PRICE & RENT TRENDS
Neighborhood: Vista Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$2,306 |
| Property Tax | -$424 | |
| Property Insurance | -$63 | |
| HOA | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$65
|
||
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.
$625,000
PROJECTED PRICE
$2,950
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,375
LOAN DETAILS
$2,306
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
4.67
YEARS SAVED
$35,728
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$1.61
LIST RENT PER SQFT
-
$2,960
COMP ESTIMATED VALUE -
$1.62
COMP AVG. RENT PER SQFT
Comps Range
-
17847 E Woolsey Way Rio Verde, AZ 2
- 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,950
- $1.61
-
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
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170567
Last Updated: 12/11/2020
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.
