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6260 S Tournament Lane Chandler, AZ 85249

2 Beds 2 Baths 1,676 sqft Built 1994

$342,500

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $204.36
  • 3 Days on Market
  • MLS # : 6167590
  • Updated Date : 12/04/2020 at 07:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,676 sqft
  • Baths : 2 full
Listing Agent

Proagent Realty

Listing Agent's Description

Popular Granada Model located on a lake along with the golf course. Fantastic views......Home has 2 bedrooms and a den. Beautiful tile floor begins in the entrance and continues down the hall into the kitchen.Kitchen Cupboards have been refinished. Lots of counter space.. Eating area in the kitchen sits within a bay window area.2nd bedroom is split from the master bedroom to give your guest more privacy. Large living room with beautiful built-in book shelves. Along with a lovely formal dining room with an open pass through to the kitchen.Master Bedroom is large enough to have a sitting area with a sliding door that leads to the beautiful patio area.Master bath has large double vanity with a private room for toilet and shower, also large walk-in closet... A/C New in 2017

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7781780

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

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

$308,250$376,750$342,500

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,264
Property Tax -$244
Property Insurance -$60
HOA -$14
Property Management Fees -$99
CASH FLOW
-$181

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.

$342,500

PROJECTED PRICE

$1,500

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$96,513

INVESTMENT

$96,513

Down Payment
$85,625
Rehab Estimate
$5,750
Closing Costs
$5,138

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,625
Loan Amount $256,875
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,746

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
  • $1,571

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,5505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6260 S Tournament Lane Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1943 E Torrey Pines Lane Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.65
    •  
  • 6155 S Bell Place Chandler, AZ 3
    • 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
    •  
  • 6455 S Kimberlee Way Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Theda M Portanova
Proagent Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167590
Last Updated: 12/04/2020
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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