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4242 N 27th Street #2 Phoenix, AZ 85016

3 Beds 3 Baths 1,680 sqft Built 2000

$430,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $255.95
  • 2 Days on Market
  • MLS # : 6168209
  • Updated Date : 12/05/2020 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Phoenix Premier Properties

Listing Agent's Description

Newly remodeled townhome available in the Biltmore area. Everything from kitchen, flooring, bathrooms, light fixtures, backyard, etc. has been updated with no expense spared! Spacious home features 3 large bedrooms, 2.5 bathrooms and a 2 car garage with plenty of storage. Home is detached and located on a private drive with only 4 other homes. Call now to schedule a showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
Camelback High School High Regular 2,048 110 4

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,587
Property Tax -$309
Property Insurance -$60
HOA -$200
Property Management Fees -$99
CASH FLOW
$326

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$430,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$64,949

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
  • $2,579

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,7004$2,8255$2,845
$2,845
RENT COMPS ANALYSIS
  • 4242 N 27th Street #2 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4216 N 27th Street #105 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.46
    •  
  • 4236 N 27th Street #24 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2017
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 4242 N 28th Street #3 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2020
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $1.59
    •  
  • 4242 N 28th Street #1 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2020
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,845
    • $1.60
    •  
PROPERTY LISTING DETAILS
Ashley Sokol
Phoenix Premier Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168209
Last Updated: 12/05/2020
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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