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3351 E Torrey Pines Lane Chandler, AZ 85249

2 Beds 2 Baths 1,149 sqft Built 2001

$292,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $254.13
  • 6 Days on Market
  • MLS # : 6198096
  • Updated Date : 02/26/2021 at 22:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Beautiful gated Del Webb built community. large rec center, 2 heated pools/spa, golf, tennis & pickleball courts, fitness, billiards & more. Home is on a corner lot. enjoy sunsets from the back patio! Features vaulted ceilings, all tile and laminate flooring, stylish cabinets, upgraded countertop, undermount sink, breakfast bar. Great room floorplan. Large guest room. Upgraded full bath. Spacious master suite, full size walk-in shower, double sink vanity and large walk-in closet!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$262,800$321,200$292,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,014
Property Tax -$208
Property Insurance -$50
HOA -$124
Property Management Fees -$99
CASH FLOW
-$105

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$292,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,5004$1,5005$1,775
$1,775
RENT COMPS ANALYSIS
  • 3351 E Torrey Pines Lane Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6337 S Pinaleno Place Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
  • 6427 S Pinaleno Place Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 3173 E Peach Tree Drive Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 6309 S Teresa Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.28
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198096
Last Updated: 02/26/2021
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.

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