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

1930 W Olive Way Chandler, AZ 85248

3 Beds 2 Baths 1,891 sqft Built 2001

$380,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $200.95
  • 2 Days on Market
  • MLS # : 6159716
  • Updated Date : 11/14/2020 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,891 sqft
  • Baths : 2 full
Listing Agent

Tru Realty

Listing Agent's Description

Welcome to Olive Way! This beautiful split floor plan 3 bedroom 2 bathroom home sits in the stunning gated community of Montefino Village in the heart of Ocotillo. Large Open Kitchen features granite countertops, lots of cabinet space, upgraded stainless steel appliances and tile floors. The master suite has a large walk in closet and separate garden tub and shower. Enjoy the Arizona nights on your covered patio looking over the famous Phil Mickelson golf course over your back wall. The home is part of the Ocotillo Golf community, with heated pool/spa, gated community, workout facility, children's playground and bike paths. Nearby shopping, dining and entertainment and Easy access to San Tan 202 Freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montefino Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Montefino Village

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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,402
Property Tax -$275
Property Insurance -$64
HOA -$277
Property Management Fees -$99
CASH FLOW
$363

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.

$380,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$61,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,482

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4803$2,5004$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 1930 W Olive Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.31
    •  
  • 3780 S Arcadia Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.25
    •  
  • 1940 W Yellowstone Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2017
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
  • 4015 S Pecan Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2018
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.34
    •  
  • 4140 S Greythorne Way Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2014
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.38
    •  
PROPERTY LISTING DETAILS
Asher Cohen
Tru Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159716
Last Updated: 11/14/2020
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.

BESbswy