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9409 N 47th Street Phoenix, AZ 85028

4 Beds 4 Baths 3,109 sqft Built 1978

$1,200,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $385.98
  • 4 Days on Market
  • MLS # : 6150321
  • Updated Date : 11/19/2020 at 09:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,109 sqft
  • Baths : 3 full , 1 half
Listing Agent

Local Board Real Estate

Listing Agent's Description

Tucked Away in the Foothills of the Phoenix Mountain Preserve, this Rancho Alta Vida Home is in the Premier 3 C's School District, Close to Hiking, Shopping, & the Hottest Restaurants. On an expansive 39,468 SF Corner Lot Surrounded by Stunning Mountain Views. Character + Charm Envelope You Upon Entry, with Vaulted Ceilings, Exposed Beams + Brick Walls, Basketweave Brick + Hardwood Flooring. The Spacious Master Bedroom Features 2 Large Closets & Ensuite Bath with French Doors that Open to the Backyard, a Clawfoot Soaker Tub, Walk-in Shower & Dual Vanities. 3 Additional Large Bedrooms. One is Ensuite with Sliders to the Front Patio + another has it's own Private Courtyard. With more Storage than you'll need, This House Literally Has It ALL!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Alta Vida

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800kPrice in $91k871k

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

Neighborhood: Rancho Alta Vida

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9344242

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$4,427
Property Tax -$621
Property Insurance -$88
HOA -$23
Property Management Fees -$99
CASH FLOW
-$1,399

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.

$1,200,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,488

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
  • $4,065

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,7504$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 9409 N 47th Street Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,109 Sqft ∙ Built 1978 4 beds 4 baths ∙ 3,109 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5131 E Butler Drive Paradise Valley, AZ 2
    • 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.19
    •  
  • 5036 E Yucca Street Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.26
    •  
  • 9023 N 53rd Street Paradise Valley, AZ 4
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 1960 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 1960
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.33
    •  
  • 4902 E Berneil Drive Paradise Valley, AZ 5
    • 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.45
    •  
PROPERTY LISTING DETAILS
Emily Wertz
Local Board Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150321
Last Updated: 11/19/2020
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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