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1915 W Musket Way Chandler, AZ 85286

4 Beds 3 Baths 2,247 sqft Built 1998

$449,500

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $200.04
  • 2 Days on Market
  • MLS # : 6213092
  • Updated Date : 03/27/2021 at 15:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,247 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Fall in love with this centrally-located 4 bedroom, 3 bathroom home in Chandler! This gorgeous 2 story has modern tones and rich wood laminate flooring. Enter into the large formal living area and dining room with vaulted ceilings and new lighting. The spacious kitchen has views to the backyard and is open to the large family room full of natural light. The main floor has one bedroom and one full bath. Upstairs you will find the large main bedroom with a full ensuite bathroom w dual sinks, soaking tub, walk in shower and large master closet. The upstairs features 2 additional bedrooms and a Jack and Jill full bathroom. The large corner backyard has new artificial turf and spacious patio. 3 car garage is hard to find! AC new in 2017! Minutes to 101 & 202, shopping, restaurants!

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
 

$404,550$494,450$449,500

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,561
Property Tax -$262
Property Insurance -$71
HOA -$13
Property Management Fees -$99
CASH FLOW
$144

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.

$449,500

PROJECTED PRICE

$2,150

PROJECTED RENT

0.48%

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$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$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$38,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,163

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1503$2,1994$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 1915 W Musket Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1842 W Thompson Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1632 W Homestead Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2011
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.93
    •  
  • 1674 W Macaw Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1755 W Pelican Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2011
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Melinda Edenfield
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213092
Last Updated: 03/27/2021
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.

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