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9071 N 47th Lane Glendale, AZ 85302

2 Beds 2 Baths 1,107 sqft Built 1984

$220,000

List Price

$1,050

$945 - $1.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $198.74
  • 3 Days on Market
  • MLS # : 6171726
  • Updated Date : 12/18/2020 at 16:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,107 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This one is a MUST SEE! 2 Bed 2 Bath townhome with wood floors throughout with tile in kitchen and both full baths. Beautiful granite countertops in kitchen . Solar tube lighting in bathrooms and atrium in the dining room offer lots of natural light! Two car garage for plenty of storage Backyard has a covered patio and gate that opens to green belt.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodglen Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Woodglen Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7061567

* 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
Sunset Elementary School Primary Regular 560 30 5
Sunset Elementary School Middle Regular 560 30 5
Apollo High School High Regular 1,976 91 6

Sunset Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Sunset Elementary School

  • Education Level: Middle
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$945$1,155$1,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,050
EXPENSES Loan Payment -$812
Property Tax -$127
Property Insurance -$49
HOA -$167
Property Management Fees -$99
CASH FLOW
-$204

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.

$220,000

PROJECTED PRICE

$1,050

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,462

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
  • $1,049

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,1004$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 9071 N 47th Lane Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,107 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,107 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5141 W Vogel Avenue Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1976
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 7801 N 44th Drive #1174 Glendale, AZ 3
    • 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 1999
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 3823 W Golden Lane Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1967 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1967
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
  • 5017 W New World Drive Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kathleen A Loughlin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171726
Last Updated: 12/18/2020
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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