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584 N Yucca Street Chandler, AZ 85224

4 Beds 3 Baths 2,387 sqft Built 1990

$465,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $194.81
  • 4 Days on Market
  • MLS # : 6211832
  • Updated Date : 03/27/2021 at 02:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,387 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greg Patt Real Estate

Listing Agent's Description

AS-IS Sale, Trustee will not make repairs. this is a Diamond in the Rough, priced accordingly. The big bonus is the master bedroom on the first floor and 10,784 sq ft lot that backs to a common area green belt. Everything needs to be updated. Great Location to shopping &,freeway. With summer around the corner there is a large pool and spa in the backyard. Both pool and spa need work. As I said AS-IS. It will be open Sunday March 28th 10-4PM, unless other arrangements are made with interim occupant prior to.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

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

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,615
Property Tax -$271
Property Insurance -$74
HOA -$5
Property Management Fees -$99
CASH FLOW
$156

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.

$465,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$43,394

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,2953$2,3504$2,6005$2,695
$2,695
RENT COMPS ANALYSIS
  • 584 N Yucca Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.93
    •  
  • 2395 W Shannon Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 1641 W Carla Vista Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 1986
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 1611 W Del Rio Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
  • 1021 N Ash Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,648 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,648 Sqft ∙ Built 1994
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Greg Patt
Greg Patt Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211832
Last Updated: 03/27/2021
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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