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14380 E Geronimo Road Scottsdale, AZ 85259

3 Beds 3 Baths 2,630 sqft Built 2002

$735,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $279.47
  • 2 Days on Market
  • MLS # : 6193973
  • Updated Date : 02/13/2021 at 13:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,630 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Priced to sell immediately! Meticulously maintained & nicely upgraded home in sought after Hidden Hills! Enjoy mountain views from this popular Texas Ebony floor plan featuring soaring 12' foot ceilings, Pella windows & doors. Kitchen features Slab Granite counters, upgraded cabinets, large island, & Breakfast Area for extended entertaining. Expansive master suite has a spa like bath w/ soaking tub, separate shower, and his/hers vanities. Backyard fun includes Pool & gorgeous Mountain Views! Minutes to scenic hiking trails, Mayo clinic, and the top rated Scottsdale School including Basis Scottsdale. Newer Trane HVAC, 3 car garage & Kinetico whole house water filtration system! Furniture is included with the exception of artwork in bedrooms.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Hidden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454183

* 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
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,553
Property Tax -$528
Property Insurance -$78
HOA -$8
Property Management Fees -$99
CASH FLOW
-$186

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.

$735,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$25,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,268

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2504$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 14380 E Geronimo Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,630 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,630 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14077 E Coyote Road Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.05
    •  
  • 13663 E Paradise Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.31
    •  
  • 12560 N 146th Way Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.30
    •  
  • 10929 N 140th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.31
    •  
PROPERTY LISTING DETAILS
Sean Gaughan
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193973
Last Updated: 02/13/2021
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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