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1833 W Periwinkle Way Chandler, AZ 85248

3 Beds 2 Baths 1,338 sqft Built 2002

$345,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $258.52
  • 3 Days on Market
  • MLS # : 6180441
  • Updated Date : 01/16/2021 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This stylish Chandler property has ten foot ceilings, real wood flooring, crown molding and the beautifully appointed windows are just the beginning. A dazzling kitchen with SS appliances, double oven and extended island breakfast bar. The elegant bright office has lots of working space with the built in wrap around desk. The dream garage has floor to ceiling cabinets and storage galore. Find yourself wondering around backyard with seating areas and gardens around every corner. This lock and leave property sits on a culdesac lot and is inside a beautiful gated community complete with lakes, walking paths, community pool, clubhouse, fitness center. Next to popular Ocotillo golf course, shops, restaurants and freeway access. Owner/Agent

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
 

$311,310$380,490$345,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,201
Property Tax -$251
Property Insurance -$53
HOA -$283
Property Management Fees -$99
CASH FLOW
-$217

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.

$345,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,414

INVESTMENT

$97,414

Down Payment
$86,475
Rehab Estimate
$5,750
Closing Costs
$5,189

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,201

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,475
Loan Amount $259,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7503$1,7504$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1833 W Periwinkle Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.25
    •  
  • 2080 W Olive Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2001
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.33
    •  
  • 1944 W Canyon Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 1905 W Periwinkle Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.34
    •  
  • 4077 S Sabrina Drive #89 Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 2020
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.28
    •  
PROPERTY LISTING DETAILS
Stephanie Foster
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180441
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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