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7825 W Fetlock Trail Peoria, AZ 85383

5 Beds 4 Baths 3,197 sqft Built 2014

$674,500

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $210.98
  • 5 Days on Market
  • MLS # : 6197973
  • Updated Date : 02/26/2021 at 19:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,197 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Recently remodeled private lot cul-de-sac home in highly sought-after Rock Springs gated community. This home has many extras and upgrades: MIL suite with kitchen, laundry and bath; main home includes 4 bedrooms, 2.5 baths, loft, new quartz countertops, wood plank tile floors, custom backsplashes, all stainless appliances, custom pool and patio, newly installed pavers, new RV gates, custom security doors, 3-car garage with overhead storage and new epoxy floors, whole house scale-solver water filtration system and more! Unencumbered desert views, meticulously maintained, low-maintenance desert landscaping,it won't last long; come see me today!Can you find the secret room........

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
 

$607,050$741,950$674,500

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,343
Property Tax -$424
Property Insurance -$89
HOA -$79
Property Management Fees -$99
CASH FLOW
-$524

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.

$674,500

PROJECTED PRICE

$2,510

PROJECTED RENT

0.37%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,493

INVESTMENT

$184,493

Down Payment
$168,625
Rehab Estimate
$5,750
Closing Costs
$10,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,625
Loan Amount $505,875
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,612

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
  • $2,478

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,3004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7825 W Fetlock Trail Peoria, AZ 1
    • 5 beds 4 baths ∙ 3,197 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,197 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8503 W Coyote Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,007 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,007 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 7440 W Tether Trail Peoria, AZ 3
    • 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 7531 W Andrea Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 7315 W Briles Road Peoria, AZ 5
    • 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jason Bru
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197973
Last Updated: 02/26/2021
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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