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16650 S 27th Avenue Phoenix, AZ 85045

4 Beds 3 Baths 2,651 sqft Built 2004

$410,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $154.66
  • 3 Days on Market
  • MLS # : 6181634
  • Updated Date : 01/15/2021 at 21:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,651 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 4 Bedroom 2.5 Bath home at the Ahwatukee Foothills Reserve is in a Fantastic location. With Beautiful Mountain Views, close to Shopping, Restaurants, Schools, Parks, Golfing, and easy access to the New 202 Fwy. This home is Great for Family Gatherings with its Spacious floor plan. Your Kitchen offers lots of space with Stainless Steel appliances. New Dishwasher, Stove and Microwave. Lots of Crown Molding Cabinets, and an Island/breakfast bar for extra space to work as well as extra storage. The Master Suite offers plenty of natural light, a large walk in closet, upgraded wood grained tile, 2 separate vanity's, a shower and soaking tub.

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,424
Property Tax -$292
Property Insurance -$79
HOA -$34
Property Management Fees -$99
CASH FLOW
$112

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.

$410,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9753$1,9954$2,0405$2,250
$2,250
RENT COMPS ANALYSIS
  • 16650 S 27th Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.77
    •  
  • 16201 S 17th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 1851 W Hiddenview Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 2942 W Silver Fox Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 1730 W Lacewood Place Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181634
Last Updated: 01/15/2021
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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