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822 N Sicily Drive Chandler, AZ 85226

4 Beds 3 Baths 2,546 sqft Built 1994

$479,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $188.49
  • 3 Days on Market
  • MLS # : 6160318
  • Updated Date : 11/13/2020 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 3 full
Listing Agent

Rio Salado Realty, Llc

Listing Agent's Description

Gorgeous home with resort style yard located in the top rated Kyrene School district! Full bedroom and bath down stairs. The kitchen has been beautifully updated with granite slab counters tops, large island, stainless appliances and upgraded cabinets. Downstairs you will enjoy ample natural sunlight in this open floorpan or you can block out that summer sun with the elegant plantation shutters throughout. Upstairs you will find a large loft, master suite and two additional bed rooms. Take a dip in the pebble tec pool or soak in the spa after a long day! This home backs to a green belt for ultimate privacy. Roof was replaced in 2018. Come see this one today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k378k

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

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Kyrene Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,771
Property Tax -$298
Property Insurance -$77
HOA -$10
Property Management Fees -$99
CASH FLOW
-$54

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.

$479,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$28,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,336

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,2004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 822 N Sicily Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 932 N Hazelton Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 3199 W Stephens Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 3380 W Baylor Lane Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
  • 832 N Sicily Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Bill Brimie
Rio Salado Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160318
Last Updated: 11/13/2020
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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