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4105 E Encanto Street Mesa, AZ 85205

4 Beds 3 Baths 2,590 sqft Built 1995

$575,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $222.01
  • 3 Days on Market
  • MLS # : 6212426
  • Updated Date : 03/26/2021 at 03:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,590 sqft
  • Baths : 2 full , 1 half
Listing Agent

Midland Real Estate Alliance

Listing Agent's Description

ABSOLUTELY FABULOUS opportunity in Summit at Montecito! Arrive to stunning curb appeal and a green, natural grass front yard. Inside, the WOW factor continues with a LARGE, updated kitchen featuring luxurious granite counters and stainless appliances (fridge conveys), breakfast room and tons of cabinet storage space. Formal living and dining rooms AND a comfy family room with fireplace. Spacious secondary bedrooms (one with a built in library) and split master suite with large master bath and walk-in closet. Outside, enjoy your paver patio and walkways, plant an entire garden in the irrigated side yard and admire your MASSIVE backyard orchard with Apple, Orange, Tangelo, Pear, Lemon, Plum, Grapefruit, Pomegranite and Fig trees. 3 car+ garage, soft water, RO and so much more. Hurry!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montecito

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k463k

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

Neighborhood: Montecito

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342214

* 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
Poston Junior High School Middle Regular 997 54 6
Mountain View High School High Regular 3,180 144 8

Poston Junior High School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 54
6
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,997
Property Tax -$392
Property Insurance -$78
HOA -$11
Property Management Fees -$99
CASH FLOW
-$466

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.

$575,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,1103$2,600
$2,600
RENT COMPS ANALYSIS
  • 4105 E Encanto Street Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.81
    •  
  • 4906 E Brown Road #20 Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 4133 E Elmwood Street Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jeffrey Paul Duncan
Midland Real Estate Alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212426
Last Updated: 03/26/2021
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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