Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7546 W Fetlock Trail Peoria, AZ 85383

5 Beds 3 Baths 2,577 sqft Built 2017

$489,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $189.76
  • 4 Days on Market
  • MLS # : 6192179
  • Updated Date : 02/14/2021 at 00:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,577 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Elegant, beautiful, move in ready 5 bedroom, 3 full bathroom home! Better than new! Family room opens up to the gourmet kitchen featuring recessed lighting, white cabinets, granite counter tops & stainless steel appliances. Sliding glass door opens up and WOW the view. No neighbors behind-- just gorgeous mountain views. Covered patio and perfectly landscaped low-maintenance backyard. One full bathroom and bedroom on the main floor makes it convenient for guests. Upstairs features a nice loft, master bedroom where you have those amazing mountain views again! Master bathroom has a huge walk-in upgraded tiled shower, dual sinks & walk-in closet. The other bathrooms have the upgraded features that you see throughout the kitchen & master bathroom. Schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Mesquite

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452293

* 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
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,698
Property Tax -$307
Property Insurance -$77
HOA -$79
Property Management Fees -$99
CASH FLOW
$29

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.

$489,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$29,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,467

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2903$2,2954$2,4455$2,700
$2,700
RENT COMPS ANALYSIS
  • 7546 W Fetlock Trail Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.89
    •  
  • 26237 N 74th Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 7997 W Rock Springs Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
  • 7208 W Tether Trail Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.03
    •  
  • 28811 N 66th Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
James Patrick Sanson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192179
Last Updated: 02/14/2021
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.

BESbswy