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35210 N 27th Avenue Phoenix, AZ 85086

4 Beds 3 Baths 2,647 sqft Built 2003

$510,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $192.67
  • 4 Days on Market
  • MLS # : 6205491
  • Updated Date : 03/12/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Desirable Tramonto, easy access to Carefree Hwy and I-17. Pride of ownership, move-in ready. Rare to find 4 bedrooms, 3 baths, 3 car garage, single story home. Front bedroom set up as guest bedroom with private bath. Spacious floor plan with formal dining and living room, large kitchen with kitchen island and breakfast bar open to family room. Courtyard off formal dining room with double French door. Master suite offers separate tub and shower, double sinks, large walk in closet. Upgraded kitchen with granite counter tops, fridge conveys. New exterior paint, new carpet, appliances replaced in 2018, gas water heater 2018. Extended 3 car garage with 10 ft ceiling. Low maintenance backyard with build in BBQ, home warranty included! Hurry will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342141

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,771
Property Tax -$305
Property Insurance -$79
HOA -$9
Property Management Fees -$99
CASH FLOW
$37

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.

$510,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$32,187

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
  • $2,349

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 35210 N 27th Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3045 W Leisure Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 3010 W Languid Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 35710 N 30th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 2740 W Florimond Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Olga V Griffin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205491
Last Updated: 03/12/2021
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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