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1085 W Musket Way Chandler, AZ 85286

4 Beds 3 Baths 3,456 sqft Built 2000

$879,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $254.34
  • 2 Days on Market
  • MLS # : 6170579
  • Updated Date : 12/12/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,456 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

There is so much to love about this home! Original owners of this beautiful home, meticulously maintained. Upgrades include 8 ornamental iron entry doors, electric RV gate leading to 2 add'l parking spaces, shutters, 2014 Trane AC units, lg living and family rms with gorgeous travertine thru-out home. An updated oversized limestone gas FP is a welcoming addition to the family rm. The remodeled kitchen with custom cabinetry, range hood, Viking and Subzero appliances is a cook's dream. Refrigerator is oversized 42'' built-in along with granite counters / lg island. Bonus room off the remodeled laundry with Subzero fridge. All baths are remodeled with granite and new cabinetry. A lush private backyard includes a tiled pool, built-in BBQ / FP, covered patio, awning, & travertine. Must See!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Comanche Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k625k

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

Neighborhood: Comanche Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452844

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$791,100$966,900$879,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$3,243
Property Tax -$512
Property Insurance -$95
HOA -$90
Property Management Fees -$99
CASH FLOW
-$1,139

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.

$879,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$535

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
  • $2,938

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$2,7504$2,8505$3,100
$3,100
RENT COMPS ANALYSIS
  • 1085 W Musket Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,456 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,456 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 200 W Flamingo Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,557 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,557 Sqft ∙ Built 2002
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.76
    •  
  • 1090 W Longhorn Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 1135 W Mulberry Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 313 W Macaw Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,350 Sqft ∙ Built 2002
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kimberly K Cornelius
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170579
Last Updated: 12/12/2020
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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