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2446 E Encinas Lane Phoenix, AZ 85040

3 Beds 2 Baths 1,053 sqft Built 2005

$250,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $237.42
  • 2 Days on Market
  • MLS # : 6212854
  • Updated Date : 03/27/2021 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,053 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

HONEY STOP THE CAR,,,THIS HOUSE HAS BEEN PAINTED IN THE SOFT GREY COLORS,WITH WHITE TRIM AND DOORS.THE DOWNSTAIRS IS ALL TILE,WITH CARPET UPSTAIRS IN THE BEDROOMS.THERE ARE NEW FANS AND BLINDS.THE LARGE KITCHEN HAS AN ISLAND WITH A NICE BLOCK TOP THE SURROUNDNG COUNTERS ARE GRANITE.ALL APPLIANCES ARE INCLUDED.OUT BACK FIND A HUGE ROCKED YARD WITH A COVERED PATIO.THIS YARD IS WAITING FOR YOUR TOUCH.THERE IS NO HOA..THIS WONT LAST LONG ..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southgate Avenue

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Southgate Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5911567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$868
Property Tax -$163
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$188

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.

$250,000

PROJECTED PRICE

$990

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $942

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,0003$1,249
$1,249
RENT COMPS ANALYSIS
  • 2446 E Encinas Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.94
    •  
  • 1235 E Wood Street #b Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.89
    •  
  • 2222 E Saint Anne Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
PROPERTY LISTING DETAILS
Karen M. Dunston
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212854
Last Updated: 03/27/2021
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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