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2178 E Winchester Way Chandler, AZ 85286

3 Beds 2 Baths 2,322 sqft Built 2000

$450,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $193.80
  • 6 Days on Market
  • MLS # : 6139304
  • Updated Date : 10/30/2020 at 11:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,322 sqft
  • Baths : 2 full
Listing Agent

Founder Real Estate

Listing Agent's Description

This great home features a very livable floor plan with 3 bedrooms plus a den. A cook's kitchen with extended row of cabinets with tons of storage, all open to the family room which is perfect for entertaining. The Master suite is split from the other bedrooms and around the corner from the den/office. Enjoy the fresh beautiful new interior paint and carpet. The 3 car garage is a must have in this fabulous Chandler community. Close to the 202 and area restaurants and amenities. Schedule an appointment today because this one will be good as gone!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio del Verde

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k384k

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

Neighborhood: Rio del Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452050

* 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
Bologna Elementary School Primary Regular 660 42 5
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,660
Property Tax -$256
Property Insurance -$72
HOA -$15
Property Management Fees -$99
CASH FLOW
-$213

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.

$450,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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-$5.0k$0.0$5.0k$10k$15k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,125

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9003$1,9504$2,0995$2,285
$2,285
RENT COMPS ANALYSIS
  • 2178 E Winchester Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,322 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,322 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.81
    •  
  • 2482 E Kesler Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 1519 S Danyell Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 2212 E Spruce Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1999
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.96
    •  
  • 1573 S Halsted Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.98
    •  
PROPERTY LISTING DETAILS
Bryan Choate
Founder Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6139304
Last Updated: 10/30/2020
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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