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16625 S 27th Lane Phoenix, AZ 85045

5 Beds 5 Baths 3,601 sqft Built 2004

$650,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $180.51
  • 32 Days on Market
  • MLS # : 6169820
  • Updated Date : 01/05/2021 at 22:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,601 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Impressive two-story home in prestigious Foothills can be yours! This incredible property gives you 3 car garage, balcony overlooking desert & mountains, & brand new turf. Fantastic interior provides 5 bed, 4.5 bath, beautiful staircase, bright living/dining room, gorgeous marble pillars, & fireplace ideal for this winter. Additional master downstairs perfect for guests Impeccable eat-in kitchen is a dream come true for any home chef. Offering high-end appliances, new Gas Stove w/grill on top, recessed lighting, island w/ breakfast bar, & more. Delightful master suite includes a private exit, sitting room w/French doors leading to small balcony, and luxurious bathroom with step-in shower, separate tub, and walk-in closet. new paint inside and out including ceilings and doors; (more)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k476k

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

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342285

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$585,000$715,000$650,000

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 -$2,258
Property Tax -$463
Property Insurance -$97
HOA -$150
Property Management Fees -$99
CASH FLOW
-$717

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.

$650,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4954$2,600
$2,600
RENT COMPS ANALYSIS
  • 16625 S 27th Lane Phoenix, AZ 1
    • 5 beds 5 baths ∙ 3,601 Sqft ∙ Built 2004 5 beds 5 baths ∙ 3,601 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.65
    •  
  • 16843 S Coleman Street Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 2812 W Cottonwood Lane Phoenix, AZ 3
    • 6 beds 5 baths ∙ 3,605 Sqft ∙ Built 2003 6 beds 5 baths ∙ 3,605 Sqft ∙ Built 2003
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 17013 S Coleman Street Phoenix, AZ 4
    • 5 beds 5 baths ∙ 3,878 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,878 Sqft ∙ Built 2003
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.67
    •  
PROPERTY LISTING DETAILS
Becky Blair
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169820
Last Updated: 01/05/2021
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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