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24717 N 27th Place Phoenix, AZ 85024

4 Beds 3 Baths 2,773 sqft Built 2008

$549,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $198.31
  • 3 Days on Market
  • MLS # : 6162680
  • Updated Date : 11/20/2020 at 10:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,773 sqft
  • Baths : 3 full
Listing Agent

Rethink Real Estate

Listing Agent's Description

Captivating home adjacent to desert with beautiful mountain views, at the end of a cul-de-sac, and a resort like backyard with pergola and pool! Spotless home, 4 bedrooms, 3 full baths, decorative bannister, stunning kitchen, stainless steel GE appliances, gas stove top, double ovens, upgraded natural cherry cabinets, granite counter tops, and island. Enjoy the beautifully landscaped front and back yard, perfect for entertaining, 7-foot-deep pool, waterfall, raised lounge area with pergola, sitting area with built in firepit, with a 7-foot side gate. Minutes for Desert Ridge, shopping, entertainment, restaurants, Loop 101, and the 51.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342452

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,029
Property Tax -$346
Property Insurance -$81
HOA -$18
Property Management Fees -$99
CASH FLOW
-$143

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.

$549,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$25,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4303$2,4954$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 24717 N 27th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.88
    •  
  • 2732 E Quiet Hollow Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 24411 N 27th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 2405 E Rustling Oaks Lane Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2007
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 2850 E Shady Spring Trail Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Chad M Grabham
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162680
Last Updated: 11/20/2020
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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