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

4247 N 4th Avenue Nw Phoenix, AZ 85013

3 Beds 2 Baths 1,487 sqft Built 1947

$415,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $279.09
  • 8 Days on Market
  • MLS # : 6165748
  • Updated Date : 12/04/2020 at 20:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full
Listing Agent

Emg Real Estate

Listing Agent's Description

Fully remodeled stunning beauty. You have found your new Home Sweet Home. In the heart of downtown Phoenix you'll be close to everything including all the major freeways, the airport, zoo, and much more. RV gate, NO HOA. This property has been redone and is in immaculate condition from ceiling to floor. NEW Tile flooring through all the main living & walking areas. Spacious bedrooms with ceiling fans, a bonus room, and separate living & family rooms. Your NEW kitchen has granite counter tops, stainless steel appliances, recessed lighting, tile backsplash, recessed lighting, & breakfast bar, NEW A/C unit, Roof, Windows, Easy maintain landscaping in front & back. You don't want to miss out on this fantastic opportunity. Hurry & come take a look before it's gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k290k

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

Neighborhood: Indian Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,531
Property Tax -$219
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$395

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.

$415,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4993$1,5104$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 4247 N 4th Avenue Nw Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.02
    •  
  • 1110 W Turney Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 4537 N 15th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.15
    •  
  • 4508 N 15th Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1214 W Highland Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jovanne E Barragan
Emg Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165748
Last Updated: 12/04/2020
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.

BESbswy