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1174 E Derringer Way Chandler, AZ 85286

4 Beds 3 Baths 2,827 sqft Built 2002

$480,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $169.79
  • 23 Days on Market
  • MLS # : 6160508
  • Updated Date : 12/03/2020 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,827 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Look no further! This 4 bed, 3 bath Chandler home offer grassy landscaping with a 2 car garage and much, much more! The lavish interior features hardwood floors, formal dining and living areas, a den perfect for an office, a spacious game room, and neutral paint throughout. The fabulous kitchen is worthy of a chef, with its ample cabinetry, walk-in pantry, granite countertops, stainless steel appliances, new microwave and gas stove, and island with breakfast bar. Inside the grandiose master bedroom you will find a spacious walk-in closet and a full bath with double sinks, not to mention separate garden tub and shower. Newer Water Softener and R/O System. The backyard includes a covered patio and a sparkling blue Pebble Tec pool perfect for the warm summer day! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Chandler Traditional Academy - Humphrey Campus Primary Regular 511 33 5
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Chandler Traditional Academy - Humphrey Campus

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 33
5
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,771
Property Tax -$280
Property Insurance -$82
HOA -$83
Property Management Fees -$99
CASH FLOW
$155

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.

$480,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.51%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$48,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,827

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,6003$2,8954$2,9055$2,950
$2,950
RENT COMPS ANALYSIS
  • 1174 E Derringer Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.87
    •  
  • 1240 E Morelos Street Chandler, AZ 2
    • 5 beds 4 baths ∙ 2,944 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,944 Sqft ∙ Built 2001
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
  • 1141 E Armstrong Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 2,718 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,718 Sqft ∙ Built 2020
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.07
    •  
  • 1698 E Beretta Place Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2001
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,905
    • $0.97
    •  
  • 1124 E Thompson Way Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,720 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,720 Sqft ∙ Built 2020
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
James Thompson
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160508
Last Updated: 12/03/2020
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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