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

1391 W Derringer Way Chandler, AZ 85286

3 Beds 2 Baths 2,132 sqft Built 1998

$490,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $229.83
  • 2 Days on Market
  • MLS # : 6205293
  • Updated Date : 03/12/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,132 sqft
  • Baths : 2 full
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

Come check out this 2,132 sq ft, 3bd/2ba, 3-car garage GEM in Chandler!!! This home has a beautiful facade. The backyard is a dream with SPA & a POOL to cool you off on those sizzling AZ summer days. It's a great place to lounge at night to stargaze or make smores in the cooler months. The POOL has a new Salt Cell System. The kitchen has stylish Stainless Steel appliances, Corian countertops, updated cabinets & a gas range. Updated light fixtures throughout! This beauty has a FIREPLACE, a big den, a family room & a living room with vinyl wood plank and tiles. It has water softener & a new water heater. Overall gorgeous, clean & very well kept home. Hurry & visit NOW if you want to start making new memories!!!

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$441,000$539,000$490,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,702
Property Tax -$285
Property Insurance -$69
HOA -$68
Property Management Fees -$99
CASH FLOW
-$223

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.

$490,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.41%

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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1391 W Derringer Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 1401 W Camino Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 1109 W Glenmere Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1994
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 1323 W Morelos Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
  • 1280 W Geronimo Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.07
    •  
PROPERTY LISTING DETAILS
Damian Godoy
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205293
Last Updated: 03/12/2021
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.

BESbswy