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2725 N 27th Street Phoenix, AZ 85008

3 Beds 2 Baths 1,783 sqft Built 1974

$450,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $252.38
  • 2 Days on Market
  • MLS # : 6194117
  • Updated Date : 02/13/2021 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,783 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Welcome to your new home! Gorgeous property located in the heart of Phoenix, this home has been Beautifully remodeled, freshly painted all through out, c large stone fireplace, inside laundry, new ceiling fans to keep you cool during Summer, new title flooring, new dual panel windows, a kitchen you will enjoy cooking in with granite countertops, gas stove, all bedrooms are bigger than your average size, Best part is the pool, perfect for summer days, not to mention the HUGE two car garage with a bonus room for storage. This home also features two double drive ways that can park up to two cars on each side. COME TAKE A LOOK AT THIS PROPERTY, BEFORE ITS GONE!

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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Camelback High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,563
Property Tax -$285
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$449

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.

$450,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,6004$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2725 N 27th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 3309 N 25th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 2819 E Fairmount Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1966
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 2206 N 25th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2524 E Clarendon Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1955
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Elvira Orozco
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194117
Last Updated: 02/13/2021
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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