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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

$1,750

$1,575 - $1,925

Rent Est.

$414,919  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vincenz

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Vincenz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9641981

* 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
Chaparral Elementary School Primary Regular 859 47 8
Chaparral Elementary School Middle Regular 859 47 8
Williams Field High School High Regular 1,705 64 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

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
$1,700
1$1,7002$1,7503$1,7954$1,8955$2,349
$2,349
RENT COMPS ANALYSIS
  • 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
Daryl R Snow
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122634
Last Updated: 08/25/2020
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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