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3122 N 47th Street Phoenix, AZ 85018

4 Beds 3 Baths 3,433 sqft Built 1970

$1,495,000

List Price

$4,490

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $435.48
  • 3 Days on Market
  • MLS # : 6184060
  • Updated Date : 02/19/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,433 sqft
  • Baths : 3 full
Listing Agent

Launch Real Estate

Listing Agent's Description

This home will rival any new construction on the market! Completely rebuilt in 2016! Stunning single-level ranch farmhouse in Lower Arcadia quiet cul-de-sac neighborhood! Open great room floor plan with soaring 12' ceilings, rustic wood beams and white- washed red brick accents. Kitchen boasts large walnut center island, S/S appliances, 6 burner gas range and built-in wine chiller. Custom cabinetry throughout. Master suite is something to be desired with dual marble vanities, large jacuzzi tub, steam shower, luxurious his/hers closets and private exit to the backyard oasis. Three guest suites are located on the opposite side of the home plus a beautiful office and media room with raised theater seating for 8. Open Great room offers expansive sliding doors open up to a Resort Style-

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
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$5,193
Property Tax -$774
Property Insurance -$94
HOA -$140
Property Management Fees -$99
CASH FLOW
-$1,810

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.

$1,495,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.30%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,490

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $6,076

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$4,490
1$4,4902$5,5003$5,7504$6,0005$6,495
$6,495
RENT COMPS ANALYSIS
  • 3122 N 47th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,433 Sqft ∙ Built 1970 4 beds 3 baths ∙ 3,433 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $4,490
    • $1.31
    •  
  • 3833 N 60th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1965 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1965
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.74
    •  
  • 4602 E Lafayette Boulevard Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,296 Sqft ∙ Built 1958 4 beds 3 baths ∙ 3,296 Sqft ∙ Built 1958
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,750
    • $1.74
    •  
  • 4536 E Calle Tuberia -- Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,370 Sqft ∙ Built 1961 5 beds 3 baths ∙ 3,370 Sqft ∙ Built 1961
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.78
    •  
  • 5550 E Calle Ventura Street Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1957 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1957
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,495
    • $1.82
    •  
PROPERTY LISTING DETAILS
Babbi L Gabel
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184060
Last Updated: 02/19/2021
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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