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2727 E Beautiful Lane Phoenix, AZ 85042

3 Beds 3 Baths 1,828 sqft Built 1999

$324,995

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $177.79
  • 11 Days on Market
  • MLS # : 6151353
  • Updated Date : 10/28/2020 at 19:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Rare opportunity in the desirable community of Groves @ South Mountain. Home features a large grassy backyard, extended covered patio, and N/S Exposure. Kitchen featuring lots of cabinets, a kitchen island, and stainless steel appliances including the fridge! Extended length garage. Home has tile throughout the downstairs and carpet in the bedrooms upstairs, Dual pane windows, ceiling fans and blinds throughout the home. Awesome Mountain Views upon entering the community! Great Location with close proximity to shopping, restaurants, airport & Downtown.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Groves at South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Groves at South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Cloves C. Campbell Sr. Elementary School Primary Regular 577 28 5
Cloves C. Campbell Sr. Elementary School Middle Regular 577 28 5
South Mountain High School High Regular 1,706 102 2

Cloves C. Campbell Sr. Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

Cloves C. Campbell Sr. Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$292,496$357,495$324,995

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,199
Property Tax -$211
Property Insurance -$63
HOA -$22
Property Management Fees -$99
CASH FLOW
$46

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.

$324,995

PROJECTED PRICE

$1,640

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$91,874

INVESTMENT

$91,874

Down Payment
$81,249
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,249
Loan Amount $243,746
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$27,739

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
  • $1,810

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2727 E Beautiful Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2719 E Donner Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2010
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 7427 S 27th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2011
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 2126 E Fawn Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 2323 E Branham Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jj Bhakta
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151353
Last Updated: 10/28/2020
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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