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35403 N 27th Drive Phoenix, AZ 85086

5 Beds 4 Baths 3,952 sqft Built 2003

$565,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.97
  • 2 Days on Market
  • MLS # : 6178995
  • Updated Date : 01/09/2021 at 07:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,952 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Beautiful Home in Popular Tramonto Community. Spacious 5bedrm 3.5bath home, dual staircases, guest bedroom on main floor, Formal Living/dinning rooms, breakfast room, family room. highly upgraded, beautiful modern kitchen , added wine closet. Large Upstairs loft and bonus room with many options for use. Heated pool/Spa, grassy area for kids/pets. Large Patio. Private side court yard, tandem garage, Money saving Solar panels (Leased) to many things to list, a must see home.

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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,962
Property Tax -$338
Property Insurance -$104
HOA -$9
Property Management Fees -$99
CASH FLOW
$177

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.

$565,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.48%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$48,329

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
  • $2,401

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 35403 N 27th Drive Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2417 W Old Paint Trail N Phoenix, AZ 2
    • 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2004
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.56
    •  
  • 3017 W Via De Pedro Miguel Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.58
    •  
  • 3022 W Gran Paradiso Drive Phoenix, AZ 4
    • 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 2318 W Via Perugia -- Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
PROPERTY LISTING DETAILS
Margaret L Ballman
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178995
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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