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3001 N 47th Street Phoenix, AZ 85018

4 Beds 3 Baths 2,146 sqft Built 1950

INVESTimate

$805,000

List Price

$3,120

$2,870 - $3,370

Rent Est.

$873,345  ( +8.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $375.12
  • 6 Days on Market
  • MLS # : 6120968
  • Updated Date : 08/21/2020 at 19:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 3 full
Listing Agent

Homie

Listing Agent's Description

Highly desirable home near all the Arcadia Hotspots. Situated on a 9,500+ SF lot, this 4 bedroom/3 bathroom home was completely remodeled in 2015. Turn-key ready with features including a new roof, updated HVAC, new kitchen, spacious master bedroom with walk-in closet. Home has an open floor plan great for living and entertaining with a backyard designed for gathering and making memories.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sky View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k467k

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

Neighborhood: Sky View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342405

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$724,500$885,500$805,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,970
Property Tax -$417
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$435

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.

$805,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$219,075

INVESTMENT

$219,075

Down Payment
$201,250
Rehab Estimate
$5,750
Closing Costs
$12,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $201,250
Loan Amount $603,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$24,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,326

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,1204$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 3001 N 47th Street Phoenix, 3
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.45
    •  
  • 4652 E Earll Drive Phoenix, 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1970
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 3434 N 47th Way Phoenix, 2
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1963
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.50
    •  
  • 4609 E Mulberry Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1960
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
  • 4909 E Flower Street Phoenix, 5
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1956
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.56
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120968
Last Updated: 08/21/2020
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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