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18769 E Blue Sky Drive Rio Verde, AZ 85263

2 Beds 2 Baths 1,394 sqft Built 2020

$464,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $333.50
  • 3 Days on Market
  • MLS # : 6197548
  • Updated Date : 02/26/2021 at 14:52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,394 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

*** CLICK photos tab then second photo is a full VIRTUAL TOUR with full screen photos and scenes**** Immaculate better than new home in the active 55+ golf community of Tonto Verde. Loaded with upgrades. Great lot backs to #3 at the Ranch course No neighbor to the front for open desert views. Open floorplan with 12' and 10' ceilings. 24'x12'' plank tile throughout. (No carpet) Full overlay antique finish cabinets with 42'' uppers. Upgraded granite. Cafe series appliances. 2 tone interior paint. Open greatroom with 8' tall triple slider gives you great views of the golf course. Electric roll down shades. Master bath features a terrific oversize shower and double sinks. Walk in closet. 5.25'' baseboards throughout. more .......

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85263

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Zip Code: 85263

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,615
Property Tax -$301
Property Insurance -$54
HOA -$64
Property Management Fees -$99
CASH FLOW
$127

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$464,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,199

INVESTMENT

$125,199

Down Payment
$116,225
Rehab Estimate
$2,000
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$36,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,500
$2,500
RENT COMPS ANALYSIS
  • 18769 E Blue Sky Drive Rio Verde, AZ 1
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 2020 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.62
    •  
  • 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
Kurtis D Forstie
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197548
Last Updated: 02/26/2021
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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