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3334 E Gelding Drive Phoenix, AZ 85032

3 Beds 1 Baths 1,124 sqft Built 1978

$304,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $271.26
  • 4 Days on Market
  • MLS # : 6198806
  • Updated Date : 02/25/2021 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,124 sqft
  • Baths : 1 full
Listing Agent

Original Realty Co

Listing Agent's Description

This beautiful cul-de-sac home has been fully updated. Open concept great room with new 12x24 tile throughout living areas and plush carpeting in the 3 bedrooms. White shaker cabinets in kitchen with quartz countertops, SS appliances, and huge under-mount SS sink with industrial faucet. Updated bathroom with marble style tile. Huge laundry and storage room. Two car garage constructed in 2018. Newer roof and A/C unit. Large lot, beautifully landscaped backyard! Property is centrally located near the 51, Paradise Valley mall and shopping center, countless restaurants and a huge park is just steps away! No showings until the Open House Saturday, 2/27, 9:00am-12:00pm. No exceptions please.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Greenway Middle School Middle Regular 518 26 2
Shadow Mountain High School High Regular 1,390 67 3
Greenway Middle School Middle Unknown NA

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$1,059
Property Tax -$192
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$196

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.

$304,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,138

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2993$1,3954$1,4995$1,535
$1,535
RENT COMPS ANALYSIS
  • 3334 E Gelding Drive Phoenix, AZ 1
    • 3 beds 1 baths ∙ 952 Sqft ∙ Built 1978 3 beds 1 baths ∙ 952 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.26
    •  
  • 3638 E Presidio Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.22
    •  
  • 3510 E Ludlow Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 14642 N 36th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1977
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.24
    •  
  • 13602 N 34th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1969
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $1.20
    •  
PROPERTY LISTING DETAILS
Robert A Hastings
Original Realty Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198806
Last Updated: 02/25/2021
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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