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$459,000

For Sale - Active
1887 W Periwinkle Way, Chandler, AZ 85248
2 Beds
2 Baths
1,338 Square Feet
0.08 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Aug 14, 2025 at 05:46AM

Investment Summary


Monthly Cash Flow
-$895
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Property Description


0.08 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Welcome to this charming home nestled in the highly sought-after, gated Montefino Village at Ocotillo Lakes in Chandler, Arizona! This meticulously maintained residence offers 2 bedrooms and 2 bathrooms, plus a versatile den that could easily serve as a third bedroom, home office, or hobby space. Step inside to discover a thoughtful split floor plan, providing privacy for the bedrooms at the rear of the home while the inviting living and entertaining areas are upfront. The open living space features sliding glass doors that seamlessly connect to a covered patio and a low-maintenance backyard, perfect for enjoying Arizona's beautiful weather. The heart of this home, the kitchen, boasts beautiful maple cabinetry, a convenient breakfast bar, and a pantry. It comes equipped with newer stainless steel appliances, making it a dream for any home chef. Throughout the main living areas, you'll find elegant tile flooring, with plush carpet in the bedrooms and den for comfort. The spacious primary bedroom is a true retreat, easily accommodating a king-sized bed and additional furniture. Its en-suite bathroom features dual sinks, a separate tub and walk-in shower, and a generous walk-in closet. The second bedroom is equally comfortable, perfect for guests or family. Beyond the home itself, residents of Montefino Village at Ocotillo Lakes enjoy an array of incredible community amenities, including a clubhouse/rec room, tennis/pickleball courts, a sparkling pool, a relaxing spa, and a well-equipped gym. This prime Chandler location offers unbeatable convenience, close to the Ocotillo Golf Club, Intel's Campus, and easy access to the 202 and 101 freeways, a plethora of restaurants, and everyday conveniences. Experience the best of Chandler living in this delightful home!

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Montefino Village
  • HOA Fee: $216/monthly
  • Additional Association: Ocotillo Community
  • Additional HOA Fee: $228/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 30348626
  • Lot Size: 3555 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Santa Barbara/Tuscan
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,861

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Erik Walbot
Realty ONE Group
(602) 430-7519

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6875846
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$895
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Purchase Details

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Purchase price:
$459,000
Amount financed:
-$367,200
Down payment:
$91,800
Closing costs:
$13,770
Rehab costs:
$0
Initial cash invested:
$105,570
Square feet:
1,338
Cost per square foot:
$343
Monthly rent per square foot:
$1.87

Financing Details

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Loan amount:
$367,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,172
Property tax:
$155
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,502

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$155-$1,861
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (12%)
12%-$293-$3,516
Total operating expenses: (43%)
43%-$1,073-$12,877

Cash Flow


Monthly Yearly
Net operating income:
$1,277 $15,324
Mortgage payments:
-$2,172 -$26,064
Cash flow:
-$895 -$10,740