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5025 W Siesta Way Laveen, AZ 85339

4 Beds 2 Baths 2,569 sqft Built 2004

$415,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $161.54
  • 2 Days on Market
  • MLS # : 6181851
  • Updated Date : 01/16/2021 at 02:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,569 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic 4 bed, 2 bath home for sale in Laveen close to shopping, restaurants, & new 202 freeway. Former model home w/terrific curb appeal; 3 car garage, cul-de-sac lot, RV gate & gated courtyard entry. RV parking is allowed full time year round! Interior w/custom paint, vaulted ceilings, tile & wood flooring, decorative lighting, two-way fireplace & large windows bring in plenty of light. Open eat-in kitchen w/granite countertops, breakfast bar, pantry, & upgraded cabinets. Generously proportioned master bedroom w/french door exit to yard & a lavish bathroom w/dual sinks, soaking tub, & step-in shower. Huge backyard w/no homes behind, features whole house length covered patio, lush greenery; mature trees & tons of space to play or entertain. FULL 3D WALKTHROUGH - VIRTUAL TOU

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cheatham Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Cheatham Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9071981

* 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
Betty Fairfax High School High Regular 1,903 104 3
Phoenix Coding Academy High Regular NA

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,441
Property Tax -$371
Property Insurance -$77
HOA -$65
Property Management Fees -$99
CASH FLOW
-$513

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.

$415,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5753$1,6004$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 5025 W Siesta Way Laveen, AZ 1
    • 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.60
    •  
  • 7910 S 53rd Lane Laveen, AZ 2
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.59
    •  
  • 4904 W Pedro Lane Laveen, AZ 3
    • 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.62
    •  
  • 5328 W Winston Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 5414 W Harwell Road Laveen, AZ 5
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
PROPERTY LISTING DETAILS
Christopher Bole
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181851
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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