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18814 E Blue Sky Drive Rio Verde, AZ 85263

2 Beds 2 Baths 1,394 sqft Built 2019

$449,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $322.09
  • 5 Days on Market
  • MLS # : 6153988
  • Updated Date : 10/30/2020 at 13:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,394 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Breathtaking panoramic mountain views meet you at the front door and draw you through the home to the back patio in this beautiful 1year old, open concept, Taylor Morrison single level home. Built within the gated Active Adult Community of Tonto Verde and surrounded by Tonto National Forest and the Mc Dowell Mountains. Your 2-bedroom, 2-bath & 2-car garage split floor plan single family home offers privacy and beauty featuring 10' & 12' ceilings, 8' interior doors, 5.25'' baseboards, 42' kitchen cabinetry, designer granite countertops, GE Monogram Cafe stainless steel appliance package, paver driveway, spa like Master Bath with large soaker tub, separate walk-in shower with bench and tile upgrades through out.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tonto Verde

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Tonto Verde

NeighborhoodNIR 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 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
 

$404,100$493,900$449,000

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 -$1,657
Property Tax -$291
Property Insurance -$54
HOA -$64
Property Management Fees -$99
CASH FLOW
$96

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.

$449,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,985

INVESTMENT

$120,985

Down Payment
$112,250
Rehab Estimate
$2,000
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$38,912

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
  • 18814 E Blue Sky Drive Rio Verde, AZ 1
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 2019
    • 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
Valerie O'keefe
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153988
Last Updated: 10/30/2020
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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