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27603 N 59th Drive Phoenix, AZ 85083

3 Beds 4 Baths 2,850 sqft Built 2002

$520,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $182.46
  • 4 Days on Market
  • MLS # : 6165021
  • Updated Date : 11/28/2020 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,850 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Fantastic opportunity to own this stunning recently remodeled 3-4/bed/3.5bath home with two master bedrooms and FRESH PAINT tucked into the Preserve at Pyramid Heights Community. Gorgeous curb appeal with a custom iron gate entry leads you into the light and bright interior featuring tile flooring, a soothing neutral paint palate and a spacious fluid open floor plan with almost 2900sq feet of space to spread out in. Kitchen boasts granite countertops, sleek black appliances, an abundance of cabinet space and a large center island with breakfast bar. Perfect for gathering with friends and family. Step out to the amazing backyard that was made for entertaining. Complete with beehive fireplace and built-in BBQ. Easy access to hiking, shopping, freeways and so much more. Do not miss out.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pyramid Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k402k

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

Neighborhood: Pyramid Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342104

* 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
Stetson Hills School Primary Regular 1,083 55 9
Stetson Hills School Middle Regular 1,083 55 9
Sandra Day O'connor High School High Regular 2,481 108 6

Stetson Hills School

  • Education Level: Primary
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Stetson Hills School

  • Education Level: Middle
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Sandra Day O'connor High School

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

$468,000$572,000$520,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,919
Property Tax -$311
Property Insurance -$83
HOA -$16
Property Management Fees -$99
CASH FLOW
-$278

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.

$520,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$14,004

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
  • $2,323

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 27603 N 59th Drive Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5165 W Quail Track Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 5912 W Straight Arrow Lane Phoenix, AZ 3
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 27522 N 58th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2010
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 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
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jeffery Wolfe
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165021
Last Updated: 11/28/2020
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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