Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4757 E Encanto Street Mesa, AZ 85205

4 Beds 3 Baths 2,178 sqft Built 1989

$369,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $169.65
  • 3 Days on Market
  • MLS # : 6157152
  • Updated Date : 11/06/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 3 full
Listing Agent

Midland Real Estate Alliance

Listing Agent's Description

Beautifully updated and well maintained home on a LARGE corner lot with a sparkling swimming pool. Updated highlights include: New AC 2019 and Nest thermostat, Pool re-plastered 2020, New engineered wood flooring in living room, dining room, kitchen and master bath 2020. New Quartz Kitchen/Bath counters & sinks with new fixtures 2020. Re-sealed patio roof 2020. Amazing, South facing backyard with entertainment area and plenty of room to expand. Perfect central Mesa location with easy commuting access via the Red Mountain 202 to the North and 60 to the South. Close to shopping, dining and golf. 2 car garage and NO HOA. Hurry, this incredible opportunity will sell quickly!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k276k

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

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Red Mountain High School High Regular 3,347 145 7

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$332,550$406,450$369,500

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,363
Property Tax -$192
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$26

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.

$369,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,363

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7754$1,8955$1,975
$1,975
RENT COMPS ANALYSIS
  • 4757 E Encanto Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4854 E Princess Drive Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1985
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 4906 E Brown Road #20 Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 909 N Seton Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 5449 E Elmwood Street Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
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 #: 6157152
Last Updated: 11/06/2020
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.

BESbswy