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17523 W Fetlock Trail Surprise, AZ 85387

4 Beds 2 Baths 2,032 sqft Built 2015

$330,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $162.40
  • 3 Days on Market
  • MLS # : 6166824
  • Updated Date : 12/04/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 2 full
Listing Agent

Realtyonegroup Mountain Desert

Listing Agent's Description

Beautiful home in the growing Desert Oasis subdivision! This home has 4 bedrooms and 2 full baths, plus an extra den/office. Great entry with open floor plan and 9 ft ceilings. Cutouts in the dining area make the space feel even bigger! Kitchen is designed with a large island, granite countertops and vaulted stainless steel sink with off-set basins, and a walk-in pantry. Stove, water heater, and heater are natural gas for higher efficiency. Every room in the house has a fan/light combo. Bay window gives the master bedroom tons of space and there is plenty of room in the walk-in closet. Master bath includes a roomy full-size shower, double vanity, and separate water closet. Back yard has a covered patio, fire pit, and landscaped with gravel and several trees including lemon and orange!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Desert Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9721567

* 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
Desert Oasis Elementary School Primary Regular 456 22 5
Desert Oasis Elementary School Middle Regular 456 22 5

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,218
Property Tax -$173
Property Insurance -$67
HOA -$82
Property Management Fees -$99
CASH FLOW
$42

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.

$330,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6803$1,7004$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 17523 W Fetlock Trail Surprise, AZ 2
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.83
    •  
  • 16705 W Tether Trail Surprise, AZ 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2019
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 17642 W Red Bird Road Surprise, AZ 3
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2008
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 17248 W Molly Lane Surprise, AZ 4
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2020
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 17502 W Buckhorn Trail Surprise, AZ 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2016
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jennifer Watson
Realtyonegroup Mountain Desert
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166824
Last Updated: 12/04/2020
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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