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5831 E Kathleen Road Scottsdale, AZ 85254

4 Beds 3 Baths 2,605 sqft Built 1986

$699,900

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $268.68
  • 2 Days on Market
  • MLS # : 6202606
  • Updated Date : 03/06/2021 at 17:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,605 sqft
  • Baths : 3 full
Listing Agent

Re/max Solutions

Listing Agent's Description

Prepare to fall in love with this Stunning home in the heart of Scottsdale. Only minutes from the 51, 101, Fashion Square mall, great schools & parks, shopping, golfing, & so much more. This gem has an open floor plan with gorgeous tile flooring through all the main living & walking areas. Offering separate Living & Family rooms with fireplace in the F.R, and a formal dining room. Your new kitchen has granite countertops and backsplash, pantry lovely upgraded cabinets with tons of storage space, and stainless steel appliances. Extra shelving & cabinets in the Laundry room. All the bedrooms are spacious. Master suite offers walk in closet, garden tub with jets, separate shower, double sink vanity, & private toilet room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Wells

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k489k

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

Neighborhood: Spanish Wells

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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,431
Property Tax -$524
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
$28

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.

$699,900

PROJECTED PRICE

$3,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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-$5.0k$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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$41,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,146

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$3,1604$3,5505$3,600
$3,600
RENT COMPS ANALYSIS
  • 5831 E Kathleen Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.21
    •  
  • 5945 E Kelton Lane Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
  • 16631 N 59th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1988
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.12
    •  
  • 16229 N 61st Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.30
    •  
  • 5827 E Aire Libre Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 1992
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.32
    •  
PROPERTY LISTING DETAILS
Michael Kent
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202606
Last Updated: 03/06/2021
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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