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3101 N 47th Street Phoenix, AZ 85018

4 Beds 3 Baths 2,960 sqft Built 1969

$1,050,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $354.73
  • 2 Days on Market
  • MLS # : 6186203
  • Updated Date : 02/06/2021 at 22:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,960 sqft
  • Baths : 3 full
Listing Agent

Launch Real Estate

Listing Agent's Description

*OPEN HOUSE: SUNDAY, FEBRUARY 6: 10 am - 1 pm*Welcome to your quintessential lower Arcadia ranch home. With 4 bedrooms and 3 bathrooms, this updated and charming family home offers a split bedroom floor plan with a stunning master bedroom, beautiful open kitchen, incredible outdoor entertaining space and tons of privacy. The cul-de-sac and green belt in front of the house offer a safe place for the kids to play with very little street traffic. This amazing neighborhood also has a hassle-free community pool and spa.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Coronado Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k598k

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

Neighborhood: El Coronado Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342618

* 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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,647
Property Tax -$544
Property Insurance -$85
HOA -$140
Property Management Fees -$99
CASH FLOW
-$1,174

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.

$1,050,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,929

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2953$3,3404$3,6255$4,900
$4,900
RENT COMPS ANALYSIS
  • 3101 N 47th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.13
    •  
  • 3043 N 53rd Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 4001 E Avalon Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1952
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.20
    •  
  • 5514 E Verde Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1954
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,625
    • $1.38
    •  
  • 5309 E Flower Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 3,080 Sqft ∙ Built 1972 3 beds 3 baths ∙ 3,080 Sqft ∙ Built 1972
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.59
    •  
PROPERTY LISTING DETAILS
Nicole Cundiff
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186203
Last Updated: 02/06/2021
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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