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2616 N 27th Street Phoenix, AZ 85008

1 Beds 1 Baths 572 sqft Built 1948

$199,900

List Price

$880

$792 - $968

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $349.48
  • 5 Days on Market
  • MLS # : 6171642
  • Updated Date : 12/26/2020 at 18:42
CONSTRUCTION
  • Beds : 1
  • Floor Size : 572 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome home to a charming 1 bed/1 bath single family home w/ a white picket fence in Phoenix! *NO HOA* Ideal location on Arcadia/Biltmore border just minutes from the 51, 10 & 202 and some of the best restaurants & shopping Phoenix offers! Great floorplan really maximizes space w/ enough room for your living room furniture, plus a bistro dining set & seating at the kitchen bar. White kitchen has plenty of cabinet space & lots of counter space, including large kitchen bar/island. Great sized bedroom, walk-in closet & bathroom w/ tons of built-in storage! Large laundry room w/ built-in shelving and room for storage. Gorgeous backyard w/ lots of mature landscaping, fully fenced yard and plenty of room to turn into the yard of your dreams! Roof, A/C & water heater 5 yrs old & newer windows!

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
Larry C. Kennedy School Primary Regular 672 35 2
Larry C. Kennedy School Middle Regular 672 35 2
Camelback High School High Regular 2,048 110 4

Larry C. Kennedy School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Larry C. Kennedy School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Camelback High School

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

$179,910$219,890$199,900

PURCHASE PRICE

$792$968$880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $880
EXPENSES Loan Payment -$738
Property Tax -$127
Property Insurance -$38
Property Management Fees -$99
CASH FLOW
-$122

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.

$199,900

PROJECTED PRICE

$880

PROJECTED RENT

0.44%

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) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,538

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
  • $659

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6953$7694$7755$885
$885
RENT COMPS ANALYSIS
  • 2616 N 27th Street Phoenix, AZ 1
    • 1 beds 1 baths ∙ 572 Sqft ∙ Built 1948 1 beds 1 baths ∙ 572 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2242 N 29th Street #6 Phoenix, AZ 2
    • 1 beds 1 baths ∙ 630 Sqft ∙ Built 1959 1 beds 1 baths ∙ 630 Sqft ∙ Built 1959
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $695
    • $1.10
    •  
  • 2242 N 29th Street #4 Phoenix, AZ 3
    • 1 beds 1 baths ∙ 630 Sqft ∙ Built 1959 1 beds 1 baths ∙ 630 Sqft ∙ Built 1959
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $769
    • $1.22
    •  
  • 2326 E Pinchot Avenue #12 Phoenix, AZ 4
    • 1 beds 1 baths ∙ 700 Sqft ∙ Built 1958 1 beds 1 baths ∙ 700 Sqft ∙ Built 1958
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $775
    • $1.11
    •  
  • 1913 N 25th Place #a Phoenix, AZ 5
    • 1 beds 1 baths ∙ 750 Sqft ∙ Built 1945 1 beds 1 baths ∙ 750 Sqft ∙ Built 1945
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $885
    • $1.18
    •  
PROPERTY LISTING DETAILS
Carin S Nguyen
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171642
Last Updated: 12/26/2020
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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