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460 E Torrey Pines Place Chandler, AZ 85249

4 Beds 3 Baths 2,352 sqft Built 2016

$524,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $223.17
  • 4 Days on Market
  • MLS # : 6158424
  • Updated Date : 11/13/2020 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW... this home is in immaculate condition. Why wait 10-12 months to build new when you can get this 2016 built Fulton Home today? This 2,352 SF single level home is located in the highly desired Autumn Park Community and features 4 Bedrooms, 3 bathrooms and a 3 car garage. When you step inside you will fall in love with the wood plank tile floors throughout the home. Even though this home is only 4 years old there have been a ton of recent upgrades including, brand new interior paint, flooring throughout, ceiling fans, shower fixtures, dishwasher, toilets, overhead garage storage... the list goes on and on. The home sits on a spacious 8,250 SF lot on a quiet Cul-De-Sac road right across the street from the community park with plenty of room for the pool you have always wanted.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,937
Property Tax -$306
Property Insurance -$73
HOA -$110
Property Management Fees -$99
CASH FLOW
-$264

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.

$524,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$14,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,2355$2,260
$2,260
RENT COMPS ANALYSIS
  • 460 E Torrey Pines Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.96
    •  
  • 863 E Waterview Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 968 E Indian Wells Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 763 E Torrey Pines Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 644 E Riviera Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,235
    • $0.91
    •  
PROPERTY LISTING DETAILS
Michael Widmer
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158424
Last Updated: 11/13/2020
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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