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1627 E Rancho Drive Phoenix, AZ 85016

4 Beds 2 Baths 2,124 sqft Built 1949

$430,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $202.45
  • 3 Days on Market
  • MLS # : 6176202
  • Updated Date : 01/02/2021 at 01:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Perfect location in North Central within walking distance to all venues 16th St & Bethany has to offer! This 4 bedroom plus den has an open floorplan created when the great room addition was added in approx 2008. Exposed concrete floors, updated baths, dual pane windows. The original 3 bedrooms are large unlike the cookie cutter homes in the 'burbs. The lot is huge with plenty of room for additional square footage. Xeroscaped front and rear yards and pool. The neighborhood is awesome! Walk to Luci's, Phoenix City Grille, The Vig, Nicoletti's and much more. Close to downtown venues, the arts and sports. Some painting and you're good to go!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tangerine Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k334k

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

Neighborhood: Tangerine Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341961

* 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
Madison 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,587
Property Tax -$331
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$265

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$430,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$60,886

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
  • $2,655

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2504$2,4005$2,700
$2,700
RENT COMPS ANALYSIS
  • 1627 E Rancho Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1619 E Maryland Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 1930 E Solano Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.25
    •  
  • 1236 E Mclellan Boulevard Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
  • 6329 N 13th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1958
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.37
    •  
PROPERTY LISTING DETAILS
Patrick W Martin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176202
Last Updated: 01/02/2021
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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