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11117 W Sieno Place Avondale, AZ 85392

4 Beds 2 Baths 2,279 sqft Built 1988

$378,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $166.26
  • 3 Days on Market
  • MLS # : 6190111
  • Updated Date : 02/05/2021 at 02:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,279 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

You will fall in love with this incredible home situated in the heart of Garden Lakes! This ready to move-in property features vaulted ceilings throughout, a luminous great room w/fabulous backyard views & an elegant chandelier in the dining area, 4 beautiful bedrooms, 2 baths, laminate, wood & tile flooring, and a fireplace in the family room perfect for the cold months. Marvelous kitchen offers white cabinets, breakfast bar, granite counters, and stainless steel appliances that allows you practice your cooking skills. Roomy master suite has French doors to backyard and its own bath, ensuring a very private space. Adorable backyard is perfect for relaxing evenings after a busy day with it's green grass, greenery, lovely fountain, and covered patio. Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $100k342k

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

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8421833

* 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
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$341,010$416,790$378,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,316
Property Tax -$302
Property Insurance -$72
HOA -$10
Property Management Fees -$99
CASH FLOW
-$39

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$378,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 1.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,159

INVESTMENT

$106,159

Down Payment
$94,725
Rehab Estimate
$5,750
Closing Costs
$5,684

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,725
Loan Amount $284,175
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6004$1,6505$1,760
$1,760
RENT COMPS ANALYSIS
  • 11117 W Sieno Place Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.77
    •  
  • 11113 W Olive Drive Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1992
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.71
    •  
  • 11321 W Citrus Grove Way Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 3128 N Ivory Lane Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 11572 W Virginia Avenue Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 2003
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
PROPERTY LISTING DETAILS
Jose Curiel
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190111
Last Updated: 02/05/2021
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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