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

3390 E Torrey Pines Lane Chandler, AZ 85249

2 Beds 2 Baths 1,700 sqft Built 2001

$419,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $246.47
  • 4 Days on Market
  • MLS # : 6156237
  • Updated Date : 11/07/2020 at 11:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This Pristine Home awaits your buyer! No surprises! This house has been fully reconditioned, designed to provide years of maintenance free living. Imagine sitting on your beautiful patio with custom lighting and the new stainless gas BBQ going with family & friends Watching the Breath taking AZ Sunsets over #17 Green, of Lone Tree Golf Course. Seller's have Newer HVAC, Water Heater, RO System, Beautifully Custom Kitchen, Granite, kitchen cabinets with 100% pullout shelves including pantry. Great Allergy Free Home with No Carpet! Interior Paint has been redone from baseboards to ceiling. Safe & Secure Lot/View Fencing for Golf View, & Lush Landscaping for Privacy! Fully Covered Patio with Pergola addition. Large Master Suite, Bath has New shower, Counters & lighting. Guest Suite features

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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

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

$377,100$460,900$419,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,546
Property Tax -$298
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$294

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.

$419,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,7304$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3390 E Torrey Pines Lane Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.02
    •  
  • 6155 S Bell Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 2701 E La Costa Drive Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 3930 E Augusta Avenue Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Carrie Faison
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156237
Last Updated: 11/07/2020
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.

BESbswy