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3132 E Siesta Lane Phoenix, AZ 85050

3 Beds 2 Baths 1,476 sqft Built 1986

$319,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $216.12
  • 2 Days on Market
  • MLS # : 6180416
  • Updated Date : 01/16/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,476 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

GREAT floorplan with vaulted ceilings, red brick fireplace, and lots of natural lighting. The eat-in peninsula style kitchen features dark cabinets, a bay window, pantry, and plenty of cabinet and counter space. Built-in cabinets with extra storage in dining area. Large master bedroom with sliding glass doors to patio, walk-in closet, and bathroom en suite with double vanities and a separate garden tub/shower. Ceiling fans throughout. Covered patio and low-maintenance landscaping. 2 car garage. Close to Desert Ridge shopping, the 51 and 101 freeways.LOVELY Community Pool tooVERY Convenient Location-Parks,Playgrounds,Golf, Shopping,Paradise Valley School District.Ceiling water stains- old -roof and Air conditioner believed to be aaprox. 3 years new- Tenants -Just Moved out- Thank you

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parque Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Parque Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Sunset Canyon School Primary Regular 492 27 7
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Sunset Canyon School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 27
7
GreatSchools Rating

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$287,100$350,900$319,000

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 -$1,108
Property Tax -$201
Property Insurance -$56
HOA -$14
Property Management Fees -$99
CASH FLOW
$282

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.

$319,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$47,110

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
  • $1,764

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6504$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 3132 E Siesta Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3101 E Siesta Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 3048 E Siesta Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1987
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 3201 E Kerry Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.26
    •  
  • 3212 E Kerry Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2002
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.28
    •  
PROPERTY LISTING DETAILS
Pamela S Peacock
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180416
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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