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5104 E Kelton Lane Scottsdale, AZ 85254

4 Beds 3 Baths 2,411 sqft Built 1996

$700,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $290.34
  • 2 Days on Market
  • MLS # : 6160547
  • Updated Date : 11/13/2020 at 22:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,411 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Perfect single level home in the heart of Scottsdale in the ''magic zip code.'' 4 Beds and 3 baths plus a 3 car garage. The split floor plan includes formal LR & DR, gorgeous eat in Kitchen open to family RM w/stack-stone Frplc. Beatutiful upgrades throughout including slab granite, SS Appl, flooring (travertine & carpet) lighting & plumbing fixtures. Master suite boasts a soaking tub, dual vanities, w/granite counters, frameless glass shower w/travertine surround & arabesque tile accents + Lg walk-in closet. Resort like backyard w/lush landscape & sparkling pebble-tec pool. Epoxied split 3 car garage & fresh paint inside. Near dining, shopping, Kierland, Scottsdale Quarter, airport, A++ schools, fwys 101/51, Mayo Hospital, Desert Ridge & so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palos Verdes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Palos Verdes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Horizon High School High Regular 2,262 86 8

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,583
Property Tax -$524
Property Insurance -$74
HOA -$14
Property Management Fees -$99
CASH FLOW
-$494

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.

$700,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$20k

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,7003$2,8004$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 5104 E Kelton Lane Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 16718 N 50th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 5110 E Le Marche Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
  • 16816 N 51st Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
  • 5050 E Paradise Lane Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
PROPERTY LISTING DETAILS
Nick Arekat
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160547
Last Updated: 11/13/2020
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.

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