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3713 W Fetlock Trail Phoenix, AZ 85083

4 Beds 3 Baths 2,461 sqft Built 2003

$465,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $188.95
  • 1 Days on Market
  • MLS # : 6203757
  • Updated Date : 03/07/2021 at 03:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 3 full
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

Beautiful single story 3 car garage home located in the highly desirable community of Riordan Ranch. Enjoy this 4 bedroom, 3 bath home with all the home must-haves and a great floor plan! The home includes a formal dining room, large family room, large tile throughout main living areas, and a large kitchen. The kitchen includes updated countertops, plenty of cabinetry, a GAS stove, a kitchen island overlooking a large family room, and a stunning backyard! Step into the backyard from the kitchen or your large master suite! The Master Suite includes a large master bathroom with a separate tub & shower and a large walk-in closet. Backyard great for entertaining, back yard includes pool, extended patio, spa, built-in fireplace and so much more! Showings begin Monday March 8th!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riordan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Riordan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342010

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,615
Property Tax -$278
Property Insurance -$75
HOA -$16
Property Management Fees -$99
CASH FLOW
-$43

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

$2,040

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$20k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$22,872

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
  • $2,036

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9004$1,9905$2,000
$2,000
RENT COMPS ANALYSIS
  • 3713 W Fetlock Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27413 N 25th Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2528 W Straight Arrow Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 3524 W Alyssa Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2003
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.79
    •  
  • 4141 W Alex Loop Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Bobby Johns
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203757
Last Updated: 03/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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