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27114 N Palo Fierro Road Rio Verde, AZ 85263

3 Beds 3 Baths 3,475 sqft Built 1999

$941,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $270.79
  • 3 Days on Market
  • MLS # : 6203099
  • Updated Date : 03/06/2021 at 21:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,475 sqft
  • Baths : 3 full
Listing Agent

Tonto Verde Realty

Listing Agent's Description

360 Degree Mountain Views from the highest location in Tonto Verde. 4-Peaks, Sunrises, Sunsets abound from most areas in this Santa Fe Custom Home. Open flowing floor plan w/ curved hallways and Gourmet Central Kitchen. Custom Maple Cabinets, Granite Countertops, 2 Sinks, 2 Dishwashers, 2 New Ovens, New Wine Cooler & New Refrigerator. Travertine Stone Flooring in Living Areas, 8' Knotty Alder Wood Doors, Andersen Windows & Sliders. Updated Heat Pumps, Gas F/P, Security System. Wooden Shutters have been recently painted, exterior of house painted fall of 2020. Efficient one person Office w/ built ins. New Garage Doors, built in BBQ, front & back Patios. Mature, extensive landscaping. This home has a one of a kind custom elevation on one of the larger TV lots. Golf membership available.

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 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
 

$846,900$1,035,100$941,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$3,268
Property Tax -$609
Property Insurance -$95
HOA -$64
Property Management Fees -$99
CASH FLOW
-$1,325

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$941,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.30%

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) 8.00%
Vacancy 7.72%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$255,115

INVESTMENT

$255,115

Down Payment
$235,250
Rehab Estimate
$5,750
Closing Costs
$14,115

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $235,250
Loan Amount $705,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$97

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
  • $2,850

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,000
$3,000
RENT COMPS ANALYSIS
  • 27114 N Palo Fierro Road Rio Verde, AZ 1
    • 3 beds 3 baths ∙ 3,475 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,475 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19013 E Poco Rio Drive Rio Verde, AZ 2
    • 3 beds 3 baths ∙ 3,673 Sqft ∙ Built 1985 3 beds 3 baths ∙ 3,673 Sqft ∙ Built 1985
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.74
    •  
  • 27808 N Granite Mountain Road Rio Verde, AZ 3
    • 4 beds 3 baths ∙ 3,338 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,338 Sqft ∙ Built 2007
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Fredrick G Anschutz
Tonto Verde Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203099
Last Updated: 03/06/2021
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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