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9416 N 47th Street Phoenix, AZ 85028

3 Beds 4 Baths 3,298 sqft Built 1977

$1,250,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $379.02
  • 3 Days on Market
  • MLS # : 6187530
  • Updated Date : 02/13/2021 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,298 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Exquisite southwestern elegance in the heart of Paradise! Beautiful home featuring 2 Master Suites, 2 way fireplace separating the living and family room and a backyard that is your own personal oasis. Chef's kitchen next to the Arizona Room is perfect for your open concept while you entertain. Both Master Suites feature a fireplace and have direct access to patios. A true resort style backyard with lush foliage, desert landscaping, mountain views, fireplace, pool, and multiple areas to sit and enjoy! Perfectly located next to world class dining, shopping, resorts, Phoenix Mountain Preserve, and the community features private tennis and basketball. Truly a masterpiece you don't want to miss out on!

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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$4,342
Property Tax -$647
Property Insurance -$91
HOA -$23
Property Management Fees -$99
CASH FLOW
-$1,283

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.

$1,250,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.31%

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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,743

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,920
1$3,9202$3,9503$4,200
$4,200
RENT COMPS ANALYSIS
  • 9416 N 47th Street Phoenix, AZ 1
    • 3 beds 4 baths ∙ 3,298 Sqft ∙ Built 1977 3 beds 4 baths ∙ 3,298 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $1.19
    •  
  • 5116 E Berneil Drive Paradise Valley, AZ 2
    • 3 beds 3 baths ∙ 3,602 Sqft ∙ Built 1978 3 beds 3 baths ∙ 3,602 Sqft ∙ Built 1978
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.10
    •  
  • 4601 E Mockingbird Lane Paradise Valley, AZ 3
    • 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 1979
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.17
    •  
PROPERTY LISTING DETAILS
Monique Walker
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187530
Last Updated: 02/13/2021
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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