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6526 W Silver Sage Lane Phoenix, AZ 85083

5 Beds 4 Baths 3,613 sqft Built 2006

$550,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $152.23
  • 3 Days on Market
  • MLS # : 6181549
  • Updated Date : 01/16/2021 at 00:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,613 sqft
  • Baths : 4 full
Listing Agent

Schwartz Realty Group

Listing Agent's Description

Move in ready, fabulous 5 bedroom home with all the whistles and bells!Show to buyers who need square feet for family or at home office. Refrigerator/electric washer/dryer included. Large hutch/bookcase in family room to remain.

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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Sandra Day O'connor High School High Regular 2,481 108 6

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Sandra Day O'connor High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,910
Property Tax -$329
Property Insurance -$98
HOA -$60
Property Management Fees -$99
CASH FLOW
-$26

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.

$550,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.45%

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-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$28,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4703$2,5004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 6526 W Silver Sage Lane Phoenix, AZ 2
    • 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.68
    •  
  • 27910 N 66th Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,522 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.68
    •  
  • 7164 W Paso Trail Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 6894 W Mazatzal Drive Peoria, AZ 4
    • 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
  • 6525 W Lucia Drive Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Peggy Schwartz
Schwartz Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181549
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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