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4532 W Encanto Boulevard Phoenix, AZ 85035

3 Beds 2 Baths 1,148 sqft Built 1983

$239,999

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $209.06
  • 2 Days on Market
  • MLS # : 6182016
  • Updated Date : 01/16/2021 at 22:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,148 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautifully Remodeled Home w/wood ''look'' tile floors throughout, upgraded lighting/ceiling fans, trendy new palette, window blinds, & open floor plan. Stunning new kitchen features quartz counters, SS appliances, tile backsplash, & plenty of painted cabinets w/hardware. Patio access from dining area. Perfect home for entertaining. Den/office w/retro paneling. Generous size bedrooms, large closets, interior laundry room, & upscale baths w/designer tile, fixtures, & vanities. Extended covered patio, RV Gate, studio room attached to carport, & room for a pool! This wonderful home will not last! Take a tour today & stop renting!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanto Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Encanto Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Joseph Zito Elementary School Primary Regular 703 37 2
Maryvale High School High Regular 2,948 132 2
Phoenix Coding Academy High Regular NA

Joseph Zito Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 37
2
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating

Phoenix Coding Academy

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

$215,999$263,999$239,999

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$834
Property Tax -$130
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$92

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.

$239,999

PROJECTED PRICE

$1,020

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,071

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,0753$1,3254$1,349
$1,349
RENT COMPS ANALYSIS
  • 4532 W Encanto Boulevard Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.89
    •  
  • 4602 W Wilshire Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.98
    •  
  • 5525 W Roanoke Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.92
    •  
  • 5222 W Cypress Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jesus D Mendez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182016
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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