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

1379 E Canyon Creek Drive Gilbert, AZ 85295

4 Beds 3 Baths 3,432 sqft Built 2004

$539,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $157.31
  • 5 Days on Market
  • MLS # : 6156103
  • Updated Date : 11/04/2020 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,432 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Huge Home! FOUR bedrooms+THREE huge bonus rooms that could be bedrooms! Huge Master bedroom, bathroom & walk-in closet. Guest bdrms & 1 Upstairs BONUS room are HUGE. House in great condition. Two downstairs BONUS rooms are HUGE! Family/living room & dining room huge. This house has space for many people to do many things! Kitchen w/gas stove, granite counters, stainless steel appliances, many cabinets, large pantry, & 2 refrigerators that convey! THREE car garage w/ storage room. Perfectly maintained front & back yard! NO NEIGHBORS behind-just a beautiful green belt! HUGE Laundry room + lots of shelves. North-South exposure! TANKLESS WATER HEATER! Newer washer/dryer convey. Water softener! Furniture & TV's convey! LOCATION! In heart of Gilbert. Near US 202, San Tan Mall, & SHOPPING!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9981981

* 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
Spectrum Elementary School Primary Regular 713 41 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Spectrum Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
8
GreatSchools Rating

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,992
Property Tax -$330
Property Insurance -$94
HOA -$24
Property Management Fees -$99
CASH FLOW
-$199

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.

$539,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,634

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3403$2,5004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 1379 E Canyon Creek Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,432 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,432 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.68
    •  
  • 1359 E Parkview Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.65
    •  
  • 1547 E Erie Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 872 E Ivanhoe Court Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 2000
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 2076 S Porter Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Thomas M Speaks
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156103
Last Updated: 11/04/2020
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.

BESbswy