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

13401 N 47th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,483 sqft Built 1981

$399,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $269.05
  • 3 Days on Market
  • MLS # : 6193125
  • Updated Date : 02/12/2021 at 20:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,483 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Location! Location! Location! Nestled in the wonderful Roadrunner Estates neighborhood with only one neighbor on one side, this beautifully remodeled move-in-ready, pristine home is vacant and will go very quickly. This prime NE Phoenix/Scottsdale area home has no HOA. The welcoming curb appeal with easy to maintain desert designed landscape in the front is just lovely. Inside this charming home, the fixtures and finishes are nicely updated, and the tastefully designed kitchen boasts lots of handsome cabinets, BRAND NEW, never been used, stainless steel oven, microwave, dishwasher, and garbage disposal. Trendy pull-down spray swivel kitchen faucet, a triple bowl stainless steel sink, plenty of counter space, a huge walk-in pantry, pull outs for pots & pans and the trash & recycling. You...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k351k

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

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341890

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

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

$359,100$438,900$399,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,386
Property Tax -$251
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$172

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.

$399,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,572

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,620

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7003$1,8254$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 13401 N 47th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.09
    •  
  • 4330 E Evans Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.17
    •  
  • 5319 E Crocus Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
  • 4449 E Willow Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.27
    •  
  • 4741 E Voltaire Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
PROPERTY LISTING DETAILS
Kathy Gardenier
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193125
Last Updated: 02/12/2021
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.

BESbswy