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1513 E Campbell Avenue Gilbert, AZ 85234

3 Beds 2 Baths 1,356 sqft Built 1987

$325,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $239.68
  • 5 Days on Market
  • MLS # : 6154209
  • Updated Date : 11/02/2020 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,356 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Calling all buyers! Now is your chance to see an adorable, single level home on a quiet cul-de-sac. It features BRAND NEW Wood plank tile and carpet, new paint, granite and classy kitchen with Stainless Steel appliances. Don't forget your very own PRIVATE pool with brand new plaster!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Stonecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9841981

* 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
Patterson Elementary School Primary Regular 584 34 9
Patterson Elementary School Middle Regular 584 34 9
Gilbert High School High Regular 2,470 113 7

Patterson Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 34
9
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,199
Property Tax -$191
Property Insurance -$54
HOA -$55
Property Management Fees -$99
CASH FLOW
-$58

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.

$325,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5403$1,5754$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1513 E Campbell Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.14
    •  
  • 1525 E Campbell Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 1703 E Tremaine Avenue Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1995
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.21
    •  
  • 605 N Granite Street Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1989
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.19
    •  
  • 1739 E Olive Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.10
    •  
PROPERTY LISTING DETAILS
Terra A. Mccormick
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154209
Last Updated: 11/02/2020
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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