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27402 N 66th Lane Phoenix, AZ 85083

3 Beds 2 Baths 2,646 sqft Built 2004

$550,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $207.86
  • 2 Days on Market
  • MLS # : 6163369
  • Updated Date : 11/21/2020 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,646 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Stunning Home on a Premium Corner Lot. Spacious 3 bed/2 bath +2 Den/Home Office and a 3 Car Garage. Formal Living & Dining Room. Soft Color Palette. Plush carpet & tile in all the right places. Energy Efficient with fully owned Solar System. Plantation Shutters throughout. Open Concept Kitchen, with Eat-in Dining area and Family Room. Custom Cabinets, Corian Counters, Expansive Island with Breakfast Bar seating, Gas Cook Top, Wall Mount Oven, Stone Tile Backsplash. The Family Room has a Beautiful Built-in Entertainment Center. Laundry has plenty of storage. Generous sized Bedrooms. Roomy Master has a Full Bath and Walk-in Closet. The Spacious Resort-style Backyard has Gorgeous Mountain Views and Breathtaking Sunsets. Extended Covered Patio, Built-in BBQ and Firepit

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Preserve at Boulder Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k370k

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

Neighborhood: Preserve at Boulder Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341996

* 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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Sandra Day O'connor High School High Regular 2,481 108 6

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,029
Property Tax -$329
Property Insurance -$79
HOA -$16
Property Management Fees -$99
CASH FLOW
-$472

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.

$550,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,137

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,9753$2,0804$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 27402 N 66th Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,646 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,646 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.79
    •  
  • 28312 N 64th Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.75
    •  
  • 6620 W Gambit Trail Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 6123 W Gambit Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 6421 W Lucia Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dee Psarros
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163369
Last Updated: 11/21/2020
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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