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5626 E Gelding Drive Scottsdale, AZ 85254

4 Beds 3 Baths 2,324 sqft Built 1989

$610,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $262.48
  • 3 Days on Market
  • MLS # : 6193007
  • Updated Date : 02/14/2021 at 00:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,324 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Awesome opportunity in 85254 with no HOA! This spacious 4 bed, 2.5 bath home has been freshly painted with new carpeting - wide open tiled entertaining spaces on the first floor with vaulted ceilings, and a large kitchen with granite counters and a center island. 3 large bedrooms plus the master on the second floor with great views of the McDowells from the master soaking tub. Outside is an extended covered patio with a park-like setting complete with pebble surface swimming pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

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

$549,000$671,000$610,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,119
Property Tax -$456
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$143

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.

$610,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$46,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,888

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8453$2,8904$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5626 E Gelding Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.24
    •  
  • 5827 E Ludlow Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
  • 5709 E Gelding Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,845
    • $1.22
    •  
  • 5329 E Marilyn Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.24
    •  
  • 5720 E Marilyn Road Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
PROPERTY LISTING DETAILS
Brian Eastwood
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193007
Last Updated: 02/14/2021
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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