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8351 W Encanto Lane Arizona City, AZ 85123

3 Beds 2 Baths 1,631 sqft Built 2004

INVESTimate

$224,900

List Price

$980

$882 - $1,078

Rent Est.

$250,561  ( +11.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $137.89
  • 7 Days on Market
  • MLS # : 6115863
  • Updated Date : 08/24/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full
Listing Agent

Arizona Home Pro's

Listing Agent's Description

Custom 3 bedroom 2 bath PLUS Den/Office situated perfectly on a 14,000+sqft lot! The AZ City beauty has brand new interior paint and carpet! You will fall in love with the open floor plan with soaring 10ft ceilings. Nice split floor plan, spacious master, all appliance, breakfast bar, covered patio, 3 car garage, cut-de-sac lot and so much more. This home won't be available for long, call for your private viewing today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85123

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85123

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
Toltec Middle School Primary Regular 428 29 3
Toltec Middle School Middle Regular 428 29 3
Vista Grande High Regular 1,907 68 3

Toltec Middle School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Toltec Middle School

  • Education Level: Middle
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$830
Property Tax -$132
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$140

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.

$224,900

PROJECTED PRICE

$980

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,052

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$9253$980
$980
RENT COMPS ANALYSIS
  • 8351 W Encanto Lane Arizona City, 3
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.60
    •  
  • 9072 W Oneida Drive Arizona City, 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.65
    •  
  • 8569 W Raven Drive Arizona City, 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.64
    •  
PROPERTY LISTING DETAILS
Mindi Dawkins
Arizona Home Pro's
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115863
Last Updated: 08/24/2020
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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