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183 S Sycamore Place Chandler, AZ 85224

4 Beds 2 Baths 1,908 sqft Built 1992

$430,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $225.37
  • 2 Days on Market
  • MLS # : 6187701
  • Updated Date : 01/30/2021 at 18:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,908 sqft
  • Baths : 2 full
Listing Agent

Visionary Properties

Listing Agent's Description

Beautiful & spacious single level Chandler home with 4 bedrooms, Salt water POOL, 3 car garage and RV gate! Brand New Roof Jan 2020! Wood floors & tile. Fenced pool! This gorgeous home has a large vaulted living room and dining room with plantation shutters and wood floors. Family room with fireplace is open to the spacious kitchen with island bar and informal dining! French doors lead to the covered patio and salt water pool in this large beautiful and private yard with grass and 4 citrus trees! Master bedroom and bedroom 2 have wood floors also. Large extra hall pantry. 3 skylights! Great location! Quiet interior lot, and within walking distance to Maggio Park. **Professional photos will be added tomorrow (:

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Tierra

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Mission Tierra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371780

* 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
Andersen Junior High School Middle Regular 924 47 6
Hamilton High School High Regular 3,740 190 8

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,494
Property Tax -$250
Property Insurance -$64
HOA -$14
Property Management Fees -$99
CASH FLOW
$9

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.

$430,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$27,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9303$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 183 S Sycamore Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 1221 W Chicago Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 1401 W Camino Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 1220 W Chicago Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1300 W Boston Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1991
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cathy Abramson
Visionary Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187701
Last Updated: 01/30/2021
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.

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