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3017 E Siesta Lane 
Phoenix, AZ
85050
3 Beds 2 Baths 1,272 sqft
Built 1987
INVESTimate
$335,000
List Price
$94,525
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $263.36
- 2 Days on Market
- MLS # : 6122244
- Updated Date : 08/25/2020 at 02:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,272 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Come see this immaculate, move-in ready home in the highly sought after Parque Village subdivision. Property features newer roof (11/17), three good size bedrooms, an open floor plan w/ tons of natural light, a spacious kitchen, dining room, great room, vaulted ceilings,w/ a split master BR with walk-in closet and full attached bathroom w/sep shower and tub, and a sep patio exit. There's lots of updating, and even a sparkling community pool & spa steps away from your front door. (without the headaches or the cost of maintenance). Landscaping is very low maintenance and out back you have an excellent space for entertaining with a built-in barbecue and extended seating area. The great location is close to freeways, Desert Ridge, and PVCC. This should be top of your list! It won't last long!!
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PRICE & RENT TRENDS
Neighborhood: Parque Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parque Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$211 | |
| Property Insurance | -$52 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$31
|
||
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.
$335,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 3.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.17
YEARS SAVED
$20,932
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$1,609
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
3017 E Siesta Lane Phoenix, 2
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,610
- $1.27
-
3122 E Topeka Drive Phoenix, 1
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1987
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.22
-
3114 E Kristal Way Phoenix, 3
- 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1998
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,675
- $1.34
-
3211 E Kristal Way Phoenix, 4
- 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.24
-
3201 E Kerry Lane Phoenix, 5
- 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,725
- $1.26
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122244
Last Updated: 08/25/2020
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.
