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

3450 W Gelding Drive Phoenix, AZ 85053

5 Beds 2 Baths 2,181 sqft Built 1969

INVESTimate

$374,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$414,691  ( +10.88%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $171.48
  • 4 Days on Market
  • MLS # : 6121648
  • Updated Date : 08/25/2020 at 14:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,181 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This home is a one-of-a-kind opportunity, conveniently located with a short drive to restaurants, shopping, parks and easy access to the freeway. Featuring 5 bedrooms, 2 bathrooms, and 2181 square feet of generous living space all in a single-story, this home is sure to impress. Right away, you'll discover the 2 car garage and charming front courtyard; once inside marvel at the generous breakfast bar, granite kitchen and updated wood-look tile flooring throughout. A spacious family room, updated bathrooms and 4 additional bedrooms gives everyone lots of room for work, play or rest. Enjoy our beautiful Arizona days relaxing around the sparkling pool next to a lush lawn. Rest easy knowing this home comes with a new roof, new AC and new pool filter. All of these amenities along with a North/

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deerview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deerview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Acacia Elementary School Primary Regular 772 41 7
Acacia Elementary School Middle Regular 772 41 7
Greenway High School High Regular 1,474 68 7

Acacia Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 41
7
GreatSchools Rating

Acacia Elementary School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 41
7
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$336,600$411,400$374,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,380
Property Tax -$223
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$182

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.

$374,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.88%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,860

INVESTMENT

$104,860

Down Payment
$93,500
Rehab Estimate
$5,750
Closing Costs
$5,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,500
Loan Amount $280,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5903$1,595
$1,595
RENT COMPS ANALYSIS
  • 3450 W Gelding Drive Phoenix, 2
    • 5 beds 2 baths ∙ 2,181 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,181 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.73
    •  
  • 4740 W Aster Drive Glendale, 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1978
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 3037 W Wethersfield Road Phoenix, 3
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
Richard F Barker
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121648
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy