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2865 E Silverbell Road San Tan Valley, AZ 85143

3 Beds 2 Baths 1,237 sqft Built 2003

$220,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $177.85
  • 2 Days on Market
  • MLS # : 6157648
  • Updated Date : 11/07/2020 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,237 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Nice corner lot hoe has 3 bed, 2 bath and is a perfect starter home! Open concept with vaulted ceilings. Tile and Laminate wood floors in all the right places. Galley style kitchen gas oak cabinets, white appliances and a pantry. Laundry is off the kitchen. Master has a 3/4 bath with a tiled step-in shower and a walk-in closet. The serene backyard has a covered patio and mature foliage. Easy access to schools.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Copper Basin K-8 School Primary Regular 765 35 6
Copper Basin K-8 School Middle Regular 765 35 6
Poston Butte High School High Regular 1,801 79 4

Copper Basin K-8 School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Copper Basin K-8 School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$812
Property Tax -$116
Property Insurance -$51
HOA -$76
Property Management Fees -$99
CASH FLOW
-$74

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$220,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$9,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,033

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0803$1,1504$1,2005$1,325
$1,325
RENT COMPS ANALYSIS
  • 2865 E Silverbell Road San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.87
    •  
  • 2300 E Magma Road #59 Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,157 Sqft ∙ Built 2005
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.86
    •  
  • 2685 E Olivine Road San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.81
    •  
  • 29139 N Pyrite Lane San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 2008
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
  • 2968 E Silverbell Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 2003
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
PROPERTY LISTING DETAILS
Karen Ballantyne
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157648
Last Updated: 11/07/2020
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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