Panel vintageSeptember 1, 2026Demonstration data — not live MLS
Parcel
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2201 N 7th St

Encanto · Phoenix, AZ 85006 · Multifamily · 6 doors

Active48 days on marketID P-015
Price
$955,000
Est. rent / mo
$8,400
Est. cap rate
6.60%
Est. cash-on-cash
2.77%
Est. DSCR
1.13
Rent / price
0.880%
$ / sq ft
$228
Est. cash flow / mo
$607

At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.

2201 N 7th St — garden-apartment elevation with a second-floor walkway
2201 N 7th St — renovated kitchen with quartz counters and vinyl plank flooring
2201 N 7th St — vacant living area with vinyl plank flooring and a slider to the patio
2201 N 7th St — renovated bathroom with a tiled tub surround
2201 N 7th St — exterior condenser units on a gravel pad

Representative stock photography of Phoenix-metro residential product. These images do not depict this address.

The read

Six-door garden walk-up close to the central employment core. The largest asset in the panel and the only one where a single vacancy costs under 17% of gross.

  • Six 1/1 units
  • Roof replaced 2021
  • On-site laundry
  • Gated parking court

Facts

Physical
Property typeMultifamily
Units6
Bedrooms / bathrooms6 / 6
Living area4,180 sq ft
Lot14,375 sq ft
Year built1970 (56 yrs)
Stories1
ParkingCovered, 8 spaces
Coordinates33.4654, -112.0778
Carry — estimated
Property tax / yr$5,540
Insurance / yr$4,110
HOA / moNone
Other fixed / yr$3,120
Total est. operating / yr$31,720
HVAC installed2018
Roof installed2021
Water providerCity of Phoenix
FEMA flood zoneZone X

Underwrite it

Every figure below recomputes as you move an input. Nothing is rounded until it is printed, and operating expenses never include debt service — that separation is what makes the cap rate a property of the building and the cash-on-cash a property of your deal. All outputs are estimates.

Purchase & financing
Income
Operating expenses

Monthly cash flow

+$607

after debt service, before tax

Cap rate

6.60%

NOI ÷ purchase price

Cash-on-cash

2.77%

cash flow ÷ cash invested

DSCR

1.13

NOI ÷ annual debt service

Where the gross rent goes

  • Vacancy$6,048
  • Operating$31,720
  • Debt service$55,747
  • Cash flow$7,285
Annual income statement — estimated
Gross scheduled income$100,800
Less vacancy & credit loss−$6,048
Effective gross income$94,752
Less fixed operating−$12,770
Less variable operating−$18,950
Net operating income$63,032
Less annual debt service−$55,747
Pre-tax cash flow$7,285
Loan amount$716,250
Monthly principal & interest$4,646
Cash invested$262,625
Operating expense ratio33.5%
Break-even occupancy86.8%
Gross rent multiplier9.5
Rent-to-price ratio0.880%

Estimated figures produced by a model from the assumptions on the left. Not an offer, an appraisal, a loan quote or investment advice. Taxes, insurance and operating expenses are estimates; verify each before you commit capital.

Price history

List-price history

Plotted on a true time axis — the horizontal distance between two points is how long that price actually stood. The asking price has not moved since listing.

$900,000$950,000$1,000,000$1,050,000Jul 26Aug 26Sep 26

List-price events
DateEventPriceChange
July 1, 2026Listed$955,000—

Estimated value, indexed to the submarket

The current price carried backwards on the Encanto median-price index. An index adjustment, not an appraisal and not a record of transactions.

Comparables

Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 5.7% below the median of its five closest comparables.

Monthly rent per unit

Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.

Table
Monthly rent per unit — full data. Drawn from the panel itself, ranked by product family, unit size, bedroom count and straight-line distance.
ComparableDetailRent / unit / mo
2201 N 7th St (subject)subject · 6/6 · 697 sq ft/unit$1,400
4102 N 27th Dr4.4 mi · 4/4 · 610 sq ft/unit$1,205
3122 W Christy Dr3.9 mi · 4/4 · 820 sq ft/unit$1,485
4720 W Northern Ave8 mi · 8/8 · 640 sq ft/unit$1,120
1930 W Highland Ave4.4 mi · 2/2 · 880 sq ft/unit$1,540
7220 N 56th Ave7.5 mi · 4/4 · 880 sq ft/unit$1,545
Sale comparables — nearest 1 assets of the same type
AddressSubmarketDistancePriceSq ft$ / sq ft
2201 N 7th St SubjectEncanto—$955,0004,180$228
4720 W Northern AveGlendale Central8 mi$1,035,0005,120$202

Sensitivity

What a five-percent move in price or fifty basis points on the rate does to the return. Computed at the baseline assumption set, not at whatever you have set the calculator to — it is a fixed reference.

Sensitivity — cash-on-cash by price and rate

Every other assumption held at the baseline set. A fixed reference, not tied to the calculator above. Estimates.

Cash-on-cash return by purchase price and interest rate
Price \ Rate5.75%6.25%6.75%7.25%7.75%
$878,500−8%7.0%5.9%4.9%3.8%2.6%
$917,000−4%5.9%4.8%3.8%2.7%1.5%
$955,000ask4.9%3.8%2.8%1.7%0.6%
$993,000+4%4.0%2.9%1.9%0.8%-0.4%
$1,031,500+8%3.1%2.1%1.0%-0.1%-1.2%

Cash-on-cash-1.2% → 7.0%

What to check before you commit

  • HVAC

    Condenser installed 2018, 8 years old. Inside normal service life for this climate, so the CapEx reserve carries it rather than a year-one line item.

  • Roof

    Roof dates to 2021, 5 years old — inside the window most carriers will write without a surcharge.

  • Flood

    FEMA Zone X. Outside the mapped special flood hazard area; a lender will not require separate flood coverage.

  • Water allocation

    Served by City of Phoenix. Long-run Colorado River and Central Arizona Project allocation is a genuine risk to price on the metro’s growth edges over a 10-to-20 year hold. It is a discount-rate question, not a next-quarter question.

  • No HOA

    No association. Nothing constrains rental use at the community level, and there is no fixed monthly charge in the expense line.