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15834 N 47th Street Phoenix, AZ 85032

3 Beds 2 Baths 2,300 sqft Built 1981

INVESTimate

$498,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$530,818  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $216.52
  • 5 Days on Market
  • MLS # : 6121403
  • Updated Date : 08/24/2020 at 19:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful home with tropical backyard and outdoor amenities. Private pool, putting green, covered patio and firepit area make the backyard your personal oasis.Garage was converted into a flex room but garage equipment was left in place for easy conversion back to garage.

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PRICE & RENT TRENDS

Neighborhood: Longmoor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k399k

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

Neighborhood: Longmoor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342068

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

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
 

$448,200$547,800$498,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,837
Property Tax -$314
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$12

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.

$498,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,720

INVESTMENT

$137,720

Down Payment
$124,500
Rehab Estimate
$5,750
Closing Costs
$7,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,500
Loan Amount $373,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$33,716

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
  • $2,726

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5953$2,6004$2,7755$2,850
$2,850
RENT COMPS ANALYSIS
  • 15834 N 47th Street Phoenix, 1
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4307 E Karen Drive Phoenix, 2
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.08
    •  
  • 5109 E Kathleen Road Scottsdale, 3
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.22
    •  
  • 4818 E Hillery Drive Scottsdale, 4
    • 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.20
    •  
  • 16816 N 51st Street Scottsdale, 5
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
PROPERTY LISTING DETAILS
Natasha E. Parmar
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121403
Last Updated: 08/24/2020
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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