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2006 W Silvergate Drive Chandler, AZ 85224

3 Beds 2 Baths 1,882 sqft Built 1979

$400,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $212.54
  • 2 Days on Market
  • MLS # : 6170661
  • Updated Date : 12/12/2020 at 11:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful turn key home on a large corner lot has been completely remodeled from top to bottom! Granite counter-tops throughout with a tile mosaic backsplash, new cabinets and high end appliances with fridge and ice maker all under warranty. Giant master closet/nursery room. All rooms are very spacious. Whole house has led light bulbs, high efficiency dual pane windows, extra insulation in attic, new plumbing valves and hoses, new switches and plugs, new turbo toilets, new ceiling fans and light fixtures in every room. Extra high private block fence with double RV gate, newer roof and water heater and no HOA! This is an amazing opportunity to live close to the freeway, stores and entertainment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,476
Property Tax -$226
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$115

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.

$400,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$40,350

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
  • $2,033

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7993$1,9954$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2006 W Silvergate Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2066 W Peralta Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.11
    •  
  • 3207 N Brentwood Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
  • 2807 W Rosewood Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
  • 1205 W Loughlin Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Joshua D Brown
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170661
Last Updated: 12/12/2020
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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