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4427 N 48th Avenue Phoenix, AZ 85031

4 Beds 2 Baths 1,361 sqft Built 1954

$229,900

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $168.92
  • 5 Days on Market
  • MLS # : 6156020
  • Updated Date : 11/04/2020 at 17:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,361 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Don't Miss Out on this Fantastic Opportunity to Own this Centrally Located Home in Phoenix. Perfect Starter Home with 4 Bedrooms/2 Baths. Freshly Painted Exterior. No HOA. Low Maintenance Front Yard with Slab Parking. Spacious Family Living Room with Tile Flooring Throughout. Plenty of Cabinet Space in Kitchen with its own Dining Nook. Step out onto your Covered Patio and Enjoy the Low Maintenance Expansive Backyard. Very convenient location, walkable to schools, near Hospital and Minutes from I-10 Freeway. Schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
James W. Rice Primary School Primary Regular 1,061 50 4
Andalucia Middle School Middle Regular 1,119 35 2
Alhambra High School High Regular 2,770 139 3

James W. Rice Primary School

  • Education Level: Primary
  • # of students: 1,061
  • # of teachers: 50
4
GreatSchools Rating

Andalucia Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 35
2
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$848
Property Tax -$126
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$117

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.

$229,900

PROJECTED PRICE

$1,010

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,089

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1993$1,2104$1,245
$1,245
RENT COMPS ANALYSIS
  • 4427 N 48th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3725 W Meadowbrook Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.80
    •  
  • 4251 W Keim Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 3823 N 48th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
PROPERTY LISTING DETAILS
Luisa Ramirez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156020
Last Updated: 11/04/2020
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.

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