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21845 N 48th Place Phoenix, AZ 85054

3 Beds 2 Baths 1,519 sqft Built 1997

$485,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $319.29
  • 2 Days on Market
  • MLS # : 6206171
  • Updated Date : 03/13/2021 at 06:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,519 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Desert Ridge charmer with pool and fireplace, one of the largest lots in the community. Super versatile 3 bedroom, 2 bath floorplan with separated front formal living space, perfect for a second tv or gaming area - this space would also convert well to a den or 4th bedroom. New exterior paint, vaulted ceilings, updated kitchen, soft water loop and plank laminate flooring. Generous backyard offers two separate grass islands and full size pool. Enjoy incredible shopping, dining and convenience, only a two minute drive, to the JW Marriott, High Street and Desert Ridge Marketplace. Owner related to agent.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,685
Property Tax -$305
Property Insurance -$57
HOA -$6
Property Management Fees -$99
CASH FLOW
-$242

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.

$485,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,819

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,891
1$1,8912$1,9103$1,9754$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 21845 N 48th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.26
    •  
  • 4711 E Adobe Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,891
    • $1.14
    •  
  • 4617 E Jaeger Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.19
    •  
  • 4712 E Swilling Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.32
    •  
  • 4720 E Weaver Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.38
    •  
PROPERTY LISTING DETAILS
Victoria Kulszan
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206171
Last Updated: 03/13/2021
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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