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13162 E Geronimo Road Scottsdale, AZ 85259

5 Beds 4 Baths 4,165 sqft Built 2001

$1,175,000

List Price

$4,790

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $282.11
  • 2 Days on Market
  • MLS # : 6181827
  • Updated Date : 01/16/2021 at 02:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,165 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

A bright and spectacular custom home situated on a secluded cul-de-sac VIEW LOT in the highly sought-after area of Northeast Scottsdale. Enjoy stunning panoramas' of the valleys city lights, breath-taking sunsets and McDowell Mountain views. This 5 bedroom home has just been meticulously updated with interior painting, new carpet and new 4th bathroom added upstairs. Gourmet chef's kitchen, KitchenAid stainless appliances, large side by side refrigerator, gas cook top, double ovens, large eat-in kitchen. extra large granite island with seating for 4, huge walk-in pantry. Large owner's suite with a balcony over looking the valley floor, jetted tub, split vanities, walk-in shower ''large closet'' plus a sitting room and more. Close to MAYO, BASIS, and top rated Scottsdale Schools. ''NO HOA''

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Orchid

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Desert Orchid

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454485

* 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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$4,311$5,269$4,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,790
EXPENSES Loan Payment -$4,081
Property Tax -$550
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$48

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,175,000

PROJECTED PRICE

$4,790

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$63,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,790

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $4,790

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,5003$4,7904$5,0005$5,600
$5,600
RENT COMPS ANALYSIS
  • 13162 E Geronimo Road Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,165 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,165 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $4,790
    • $1.15
    •  
  • 12229 E Cortez Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.91
    •  
  • 11942 E Ironwood Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
  • 12034 E Yucca Street Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.13
    •  
  • 10526 N 119th Street Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.40
    •  
PROPERTY LISTING DETAILS
N Terry Mccutcheon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181827
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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