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3223 E Siesta Lane Phoenix, AZ 85050

3 Beds 3 Baths 1,633 sqft Built 1988

$280,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $171.46
  • 3 Days on Market
  • MLS # : 6167163
  • Updated Date : 12/05/2020 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,633 sqft
  • Baths : 2 full , 1 half
Listing Agent

R.o.i. Properties

Listing Agent's Description

Great area! This place has outstanding potential. All bedrooms are upstairs. Open concept kitchen with plenty of cabinets. Vaulted ceilings in the living area along with a cozy fireplace. Loft is being used as a bedroom. Conveniently located near all manner of amenities and freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,033
Property Tax -$183
Property Insurance -$59
HOA -$12
Property Management Fees -$99
CASH FLOW
$353

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.

$280,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$59,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7403$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3223 E Siesta Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.07
    •  
  • 19014 N 32nd Way Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1989
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 3417 E Rockwood Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1995
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 3215 E Kristal Way Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 3232 E Kerry Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1997
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.14
    •  
PROPERTY LISTING DETAILS
Beth Jo Zeitzer
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167163
Last Updated: 12/05/2020
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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