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6774 E Gelding Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,907 sqft Built 1996

$600,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $314.63
  • 4 Days on Market
  • MLS # : 6151135
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,907 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This stylishly decorated home has it all including, spacious kitchen with stainless steel appliances, oil rub bronze faucets and light fixtures, 2 inch wood blinds, newer carpeting, vaulted ceilings. Kitchen opens to family room with gas fireplace, Arcadia doors lead out to a covered patio and beautiful landscaped backyard with large pool. Spacious double door master suite, bath with separate tub and shower and walk-in closet. New Interior Paint. Move in ready. Nestled in the highly desirable community of Kierland just steps away from world class shopping, fine dining and the renowned Westin Kierland Resort and Spa complete with a 27-hole championship golf course. See documents tab for Upgrades and Improvements list.

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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,214
Property Tax -$449
Property Insurance -$64
HOA -$6
Property Management Fees -$99
CASH FLOW
-$322

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.

$600,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.42%

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$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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$15,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,522

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4993$2,5104$2,6955$2,950
$2,950
RENT COMPS ANALYSIS
  • 6774 E Gelding Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.32
    •  
  • 6721 E Sharon Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 7011 E Redfield Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1979
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.35
    •  
  • 14034 N 60th Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
  • 6802 E Ludlow Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
PROPERTY LISTING DETAILS
Jessica L Fairbanks
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151135
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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