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10309 N 48th Place Paradise Valley, AZ 85253

5 Beds 3 Baths 4,426 sqft Built 1983

$1,350,000

List Price

$5,410

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $305.02
  • 3 Days on Market
  • MLS # : 6203012
  • Updated Date : 03/05/2021 at 19:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,426 sqft
  • Baths : 3 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Beautiful property nestled in the prestigious Paradise Valley area with top rated 3 C's schools! Charming neighborhood with treelined streets and front yards meant for playing hide and seek. Five bedrooms, plus office or art studio with separate entrance and exercise room. Heated sparkling pool and spa, ramada with seating area and charming fireplace, backyard with mature landscaping including a lemon, orange & fig tree and grassy yard. Vaulted cathedral style beamed ceilings and wet bar in family room, wood floors, large oversized laundry and craft room. Lovely East facing patio, 2 gas fireplaces. Newer water softener. Home has been lovingly maintained!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Firebrand Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1442k

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

Neighborhood: Firebrand Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456064

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,869$5,951$5,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,410
EXPENSES Loan Payment -$4,689
Property Tax -$640
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$131

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,350,000

PROJECTED PRICE

$5,410

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$66,733

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
  • $6,086

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,3003$7,400
$7,400
RENT COMPS ANALYSIS
  • 10309 N 48th Place Paradise Valley, AZ 1
    • 5 beds 3 baths ∙ 4,426 Sqft ∙ Built 1983 5 beds 3 baths ∙ 4,426 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6259 E Mountain View Road Paradise Valley, AZ 2
    • 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.18
    •  
  • 6127 E Horseshoe Road Paradise Valley, AZ 3
    • 4 beds 4 baths ∙ 4,718 Sqft ∙ Built 1984 4 beds 4 baths ∙ 4,718 Sqft ∙ Built 1984
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $7,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Babbi L Gabel
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203012
Last Updated: 03/05/2021
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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