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432 W Silver Creek Court Gilbert, AZ 85233

3 Beds 2 Baths 1,520 sqft Built 1995

$399,998

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $263.16
  • 3 Days on Market
  • MLS # : 6206051
  • Updated Date : 03/12/2021 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Highly sought after Gorgeous Gilbert home!! Single level 3 bed/2 bath home 1520 sq. ft. . Beautiful Custom Tile in guest bath and shower! Custom tile throughout the home! NEW ROOF! NEW EXTERIOR AND INTERIOR PAINT! NEW CEILING FANS! NEW S.S STOVE! LED CAN LIGHTS IN KITCHEN, AND NEW SMOKE DETECTORS. Cabinets in garage and floorboards in attic for extra storage. Largest lot on the block with plenty of room for your dream pool to be added! Close to Downtown Gilbert! Just block away from shopping and restaurants. Relax in your back yard under the covered patio and enjoy the endless blue sky's and evening sunsets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Neely Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Neely Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8641981

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$359,998$439,998$399,998

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,389
Property Tax -$235
Property Insurance -$57
HOA -$60
Property Management Fees -$99
CASH FLOW
-$320

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.

$399,998

PROJECTED PRICE

$1,520

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$111,749

INVESTMENT

$111,749

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,266

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
  • $1,585

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6504$1,7495$1,800
$1,800
RENT COMPS ANALYSIS
  • 432 W Silver Creek Court Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 163 W Sagebrush Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 432 W Century Court Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 474 W Fabens Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.11
    •  
  • 180 W Sagebrush Street Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
PROPERTY LISTING DETAILS
Andrea Parker Pllc
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206051
Last Updated: 03/12/2021
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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