Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6511 W Silver Sage Lane Phoenix, AZ 85083

4 Beds 3 Baths 2,624 sqft Built 2005

$625,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $238.19
  • 4 Days on Market
  • MLS # : 6194497
  • Updated Date : 02/19/2021 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,624 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rethink Real Estate

Listing Agent's Description

OWNED Solar-Powered Remodeled SINGLE story home with 4 bed + 2.5 bath + Den + POOL & SPA + 3-car garage on a large Cul De Sac Lot. Loooooong Driveway with extra hidden parking area on the side. Private View Lot with Mountain Views & No Neighbors on 2 sides. Wood flooring, NEW HVAC, Modern Fixtures, Fireplace, Artificial Turf, Ramada, Separate Laundry Room ......... & much more. Unique home that has all the bells & whistles.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Preserve at Boulder Mountain North

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k505k

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

Neighborhood: Preserve at Boulder Mountain North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342238

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,171
Property Tax -$374
Property Insurance -$78
HOA -$69
Property Management Fees -$99
CASH FLOW
-$721

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.

$625,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,086

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0703$2,1004$2,1505$2,275
$2,275
RENT COMPS ANALYSIS
  • 6511 W Silver Sage Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.79
    •  
  • 6620 W Gambit Trail Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 6427 W Cavedale Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 6828 W Evergreen Terrace Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 6719 W Miner Trail Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jay Patel
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194497
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy