Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

27606 N 20th Avenue Phoenix, AZ 85085

5 Beds 4 Baths 2,648 sqft Built 2008

INVESTimate

$425,000

List Price

$2,110

$1,899 - $2,321

Rent Est.

$439,110  ( +3.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $160.50
  • 5 Days on Market
  • MLS # : 6118918
  • Updated Date : 08/25/2020 at 12:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,648 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Spacious backyard with awesome sunsets! Great useful floor plan with 5 bedrooms plus loft up, 3.5 baths, 3 car tandem garage, spacious kitchen & family room/great room! Deer Valley Schools! Close to USAA & Norterra shopping center! Easy access to I-17 to commute or get around town! Beautiful mountain views. Spectacular Norterra Fireside Community Center includes huge community pool, rock climbing, tennis courts, fitness center, classes, and community activities! Sellers enjoy APS-owned solar program with $35 reduction in their electric bill each month. Buyers can continue the program or cancel it. APS owns the solar panels. Sample Agreement in Docs tab. Front security door, gas hookup for BBQ, extended back patio & fountain, access to Sonoran Preserve Trail System 1/4 mi fr/house!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Norterra Canyon School Primary Regular 1,164 59 8
Norterra Canyon School Middle Regular 1,164 59 8
Barry Goldwater High School High Regular 1,856 88 4

Norterra Canyon School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Norterra Canyon School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,568
Property Tax -$271
Property Insurance -$79
HOA -$133
Property Management Fees -$99
CASH FLOW
-$40

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.

$425,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.32%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,858

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
  • $2,231

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 27606 N 20th Avenue Phoenix, 1
    • 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27523 N 17th Lane Phoenix, 2
    • 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.83
    •  
  • 2019 W Skinner Drive Phoenix, 3
    • 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2006
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 28008 N 18th Lane Phoenix, 4
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 2213 W Gambit Trail Phoenix, 5
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2006
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Vicki Shearer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118918
Last Updated: 08/25/2020
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.

BESbswy