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

1982 E Derringer Way Chandler, AZ 85286

4 Beds 3 Baths 2,211 sqft Built 2015

$480,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $217.10
  • 2 Days on Market
  • MLS # : 6206897
  • Updated Date : 03/13/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Gold Realty

Listing Agent's Description

GORGEOUS HOME in a fabulous Chandler location! Don't miss this open and bright floor plan featuring upgraded kitchen cabinets with crown molding, white quartz countertops, kitchen island & stainless steel appliances! Ceramic wood plank tile in the living areas with carpet in the bedrooms, extra wide base boards , 2 inch wood blinds & ceiling fans thru out!! This home features a large master bedroom & bath with lots of light..the bath has double sinks, sep tub & shower, private toilet room, & a large walk-in closet! The large backyard features a covered patio,grass & stone and all complemented with a few bushes & trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k395k

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

Neighborhood: Canyon Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452067

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,667
Property Tax -$280
Property Insurance -$70
HOA -$9
Property Management Fees -$99
CASH FLOW
-$25

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

$2,100

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$25,486

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
  • $2,145

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9504$2,1955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1982 E Derringer Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 905 S Canal Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 1519 S Danyell Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2000
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 905 S Canal Drive #26 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
  • 2135 E Longhorn Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2000
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
David Goolsby
Arizona Gold Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206897
Last Updated: 03/13/2021
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