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

5431 E Kelton Lane Scottsdale, AZ 85254

5 Beds 3 Baths 2,831 sqft Built 1986

INVESTimate

$670,000

List Price

$2,810

$2,560 - $3,060

Rent Est.

$703,165  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $236.67
  • 7 Days on Market
  • MLS # : 6119811
  • Updated Date : 08/20/2020 at 11:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,831 sqft
  • Baths : 3 full
Listing Agent

Those Callaways

Listing Agent's Description

STATELY & SPACIOUS. This premier five-bedroom plan is a Magic Zip Code delight, nestled on over a quarter ACRE with plentiful updates, including a new tile roof! Masterfully designed, the formal living spaces are clearly defined for effortless living while open-concept areas allow for easy entertaining. Vaulted ceilings and dual-pane windows create a sunlit interior. Stainless appliances and slab granite in the eat-in island kitchen. Handsome wood-look plank flooring and plush patterned carpet dress the floors. The preferred split plan enjoys a main-level bedroom and full bath with the master suite secluded upstairs. Half of the expansive yard is home to a generous pool, sided by a large lawn. Two wide side yards and a covered patio w/retractable shade complete the scene. Move-in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Vally Mirada

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k543k

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

Neighborhood: Paradise Vally Mirada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453036

* 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
North Ranch Elementary School Primary Regular 512 31 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

North Ranch Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 31
9
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

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

$603,000$737,000$670,000

PURCHASE PRICE

$2,529$3,091$2,810

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,472
Property Tax -$501
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$345

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.

$670,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$18,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,909

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7504$2,8105$3,500
$3,500
RENT COMPS ANALYSIS
  • 5431 E Kelton Lane Scottsdale, 4
    • 5 beds 3 baths ∙ 2,831 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,831 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $0.99
    •  
  • 17017 N 55th Place Scottsdale, 1
    • 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 1995
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
  • 5414 E Phelps Road Scottsdale, 2
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1988
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 15826 N 52nd Street Scottsdale, 3
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 5623 E Grandview Road Scottsdale, 5
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119811
Last Updated: 08/20/2020
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