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2852 E Fremont Road Phoenix, AZ 85042

3 Beds 2 Baths 1,268 sqft Built 2000

$310,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $244.48
  • 6 Days on Market
  • MLS # : 6158543
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,268 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Through the gates on a quiet street your open concept home awaits in the Legacy golf course community surrounded by lush fairways and manicured greens. Bright and open with lots of natural light. Entertain friends and family in the large kitchen which opens to the eating area and family room with today's open layout. Low maintenance back yard can be accessed from the master bedroom as well as the family room. Right by South Mountain Park/Preserve with 50 miles of trails! Hiking, biking, horseback riding and so much more. Just a short drive to all the dining and entertainment of downtown Phoenix. Click on the 3D Walkthrough under virtual tour section to walk through every inch of the home from your computer or mobile device.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanto at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k288k

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

Neighborhood: Encanto at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9341649

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,144
Property Tax -$202
Property Insurance -$52
HOA -$88
Property Management Fees -$99
CASH FLOW
-$294

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$6.0k-$4.0k-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,407

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,5503$1,5504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 2852 E Fremont Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.02
    •  
  • 2941 E Dunbar Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 7522 S 30th Run Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 2960 E Darrow Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 7017 S Golfside Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1999
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.22
    •  
PROPERTY LISTING DETAILS
Christa Weil
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158543
Last Updated: 11/13/2020
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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