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5330 E Gelding Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,732 sqft Built 1977

$550,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $317.55
  • 2 Days on Market
  • MLS # : 6155591
  • Updated Date : 11/07/2020 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,732 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Located in this highly desirable 85254, Scottsdale neighborhood, this beautiful, one level home has been lovingly cared for and beautifully updated. Perfectly situated on a large lot and no HOA, it offers plenty of room, inside and out. Spacious, open concept living room and great room, with large island in kitchen. Additional space can be utilized as formal dining room or den. Recent updates include just completed gorgeous pool remodel, brand new carpeting in bedrooms and front living area, new roof in 2018, new HVAC in 2014, newer patio door. Entire exterior repainted in 2019.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Norma Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Norma Estates

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
Liberty Elementary School Primary Regular 572 30 8
Liberty Elementary School Middle Regular 572 30 8
Horizon High School High Regular 2,262 86 8

Liberty Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Horizon High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,029
Property Tax -$412
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$161

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.

$550,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.2%
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-$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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$23,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,438

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3953$2,3954$2,4005$2,440
$2,440
RENT COMPS ANALYSIS
  • 5330 E Gelding Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.41
    •  
  • 5312 E Gelding Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.44
    •  
  • 5337 E Gelding Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1977
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.45
    •  
  • 14232 N 52nd Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1979
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.36
    •  
  • 5302 E Winchcomb Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1977
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Mary Jordan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155591
Last Updated: 11/07/2020
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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