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2748 E Canyon Creek Drive 
Gilbert, AZ
85295
3 Beds 3 Baths 2,325 sqft
Built 2006
INVESTimate
$399,999
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $172.04
- 1 Days on Market
- MLS # : 6122634
- Updated Date : 08/25/2020 at 21:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,325 sqft
- Baths : 2 full , 1 half
Listing Agent
Homie
Listing Agent's Description
Clean, beautiful home, fully landscaped, original owners. Has an upstairs bonus room as well. Plus an office downstairs. Lots of trees for shade. Plenty of shelving for storage in the garage. Nice covered patio area with a water mister for cooling.
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PRICE & RENT TRENDS
Neighborhood: Vincenz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vincenz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$273 | |
| Property Insurance | -$73 | |
| HOA | -$53 | |
| 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.
$399,999
PROJECTED PRICE
$1,750
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
2.5
YEARS SAVED
$9,516
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,959
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2748 E Canyon Creek Drive Gilbert, 2
- 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,750
- $0.75
-
3404 E Boston Court Gilbert, 1
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,700
- $0.79
-
3321 E Boston Street Gilbert, 3
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2001
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
3440 E Morelos Court Gilbert, 4
- 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
-
3296 E Hopkins Road Gilbert, 5
- 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,349
- $0.88
PROPERTY LISTING DETAILS
Homie
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122634
Last Updated: 08/25/2020
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.
