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2601 N 27th Street #6 Phoenix, AZ 85008

3 Beds 3 Baths 2,060 sqft Built 2021

$509,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $247.52
  • 8 Days on Market
  • MLS # : 6182295
  • Updated Date : 01/17/2021 at 22:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Imagine Communities is a brand new boutique gated community just south of the Biltmore and the ever popular Arcadia district. Our homes are designed for urban living with just the right amount of modern farmhouse style. We offer both 3 & 4 bedroom spacious designs with openfloor plans. Homes range from 1688sqft all the way to 2167sqft. We've removed the guess work from the new home buying process and offer highly upgraded homes from the start, with white shaker cabinets, plush carpet, wood plank tile throughout the main floor and wet areas, two tone paint, stainless steel appliances, a farmhouse kitchen sink, quartz countertops, a butcher block island, huge walk-in closets, luxurious master bathrooms, 2 car garage and a private backyard all included as a standard!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Monte Vista Elementary School Primary Regular 721 43 4
Monte Vista Elementary School Middle Regular 721 43 4
Camelback High School High Regular 2,048 110 4

Monte Vista Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Monte Vista Elementary School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$458,910$560,890$509,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,771
Property Tax -$323
Property Insurance -$67
HOA -$150
Property Management Fees -$99
CASH FLOW
-$521

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$509,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 3.00%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$137,124

INVESTMENT

$137,124

Down Payment
$127,475
Rehab Estimate
$2,000
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,534

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$2,6003$2,6504$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 2601 N 27th Street #6 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.92
    •  
  • 3240 E Pinchot Avenue #15 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.20
    •  
  • 3240 E Pinchot Avenue #11 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.22
    •  
  • 3240 E Pinchot Avenue #10 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.24
    •  
  • 3240 E Pinchot Avenue #13 Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.26
    •  
PROPERTY LISTING DETAILS
John Risi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182295
Last Updated: 01/17/2021
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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