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

15841 N 47th Street Phoenix, AZ 85032

3 Beds 2 Baths 1,943 sqft Built 1980

$549,995

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $283.06
  • 6 Days on Market
  • MLS # : 6177039
  • Updated Date : 01/07/2021 at 04:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Location Location Location! Dont miss your chance in owning this one of a kind gem. Featuring all new LED lighting throughout, interior/exterior paint, large plank high quality porcelain wood look tile, 5 1/4'' baseboards throughout, open and inviting kitchen with shaker cabinets and grand island. All new appliances. Large inviting master bathroom with lighted mirrors and brushed gold fixtures. Home sits on an approximately .25 acre lot. Located East of the 51 in Paradise Village on a quiet cul-de-sac with extra long driveway and RV gate. NO HOA! New Roof in 2015. Backyard Oasis; glittering pool and lush landscape. This property is ready to go and all it needs is YOU!!!!! Just minutes from freeway access, top rated schools, fine and casual dining, shopping and entertainment.

SEE MORE

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
 

$494,996$604,995$549,995

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,910
Property Tax -$346
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$161

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.

$549,995

PROJECTED PRICE

$2,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,499

INVESTMENT

$151,499

Down Payment
$137,499
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,499
Loan Amount $412,496
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,283

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2003$2,2604$2,3005$2,325
$2,325
RENT COMPS ANALYSIS
  • 15841 N 47th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.16
    •  
  • 4512 E Kings Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.16
    •  
  • 4715 E Grandview Road E Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1981
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 15845 N 50th Street Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 16006 N 47th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1981
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.28
    •  
PROPERTY LISTING DETAILS
Samira Jafari
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177039
Last Updated: 01/07/2021
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.

BESbswy