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1818 W Fetlock Trail 
Phoenix, AZ
85085
3 Beds 3 Baths 2,474 sqft
Built 2013
INVESTimate
$465,000
List Price
$128,975
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $187.95
- 2 Days on Market
- MLS # : 6122289
- Updated Date : 08/25/2020 at 19:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,474 sqft
- Baths : 2 full , 1 half
Listing Agent
Whitney Realty & Investments
Listing Agent's Description
A rare opportunity to enjoy the Fireside lifestyle at Norterra. Perfect move-in ready home offers expansive great room layout with new neutral flooring open to gourmet kitchen with granite, stainless and gas cooktop. With abundant natural light and a soft desert palette, this property also features formal dining area off kitchen and first floor office/den along with half-bath. The second level with flexible loft space offers spacious master retreat with luxurious bath. Two additional bedrooms and full bath round out the second floor. Outside, enjoy a truly private desert garden with new artificial turf a place to enjoy entertaining or family time patio areas & built-in grilling. Residents enjoy unmatched resort grade amenities, only minutes from shopping, dining & freeways.
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PRICE & RENT TRENDS
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$278 | |
| Property Insurance | -$75 | |
| HOA | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$244
|
||
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.
$465,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
2.67
YEARS SAVED
$11,694
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,084
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1818 W Fetlock Trail Phoenix, 3
- 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,050
- $0.83
-
2329 W White Feather Lane Phoenix, 1
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
28218 N 21st Avenue Phoenix, 2
- 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2015
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
27523 N 17th Lane Phoenix, 4
- 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,195
- $0.83
-
1815 W Fetlock Trail Phoenix, 5
- 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
PROPERTY LISTING DETAILS
Whitney Realty & Investments
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122289
Last Updated: 08/25/2020
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.
