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

2078 W Periwinkle Way Chandler, AZ 85248

3 Beds 2 Baths 1,892 sqft Built 2003

$389,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $205.60
  • 3 Days on Market
  • MLS # : 6184540
  • Updated Date : 01/23/2021 at 15:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Welcome home! Come see this 3 bedroom, 2 bath single level home in highly sought after Montefino Village in Chandler at Ocotillo. Home features huge kitchen that opens up large family room and split bedrooms. Come see this home before it is gone. Neighborhood features community pool/spa, workout facility and walking paths.

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
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,351
Property Tax -$282
Property Insurance -$64
HOA -$284
Property Management Fees -$99
CASH FLOW
$260

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.

$389,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.60%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$41,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,337

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,3404$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 2078 W Periwinkle Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.24
    •  
  • 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
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.25
    •  
  • 2414 W Olive Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 1996
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
  • 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
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.29
    •  
  • 1940 W Yellowstone Way Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
PROPERTY LISTING DETAILS
Amy N Nelson
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184540
Last Updated: 01/23/2021
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.

BESbswy