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

1801 E Campbell Avenue Gilbert, AZ 85234

3 Beds 2 Baths 2,274 sqft Built 1995

$417,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $183.77
  • 5 Days on Market
  • MLS # : 6173973
  • Updated Date : 01/09/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,274 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

This home is nestled in the heart of Gilbert. The pride in ownerships shows. It is in immaculate condition! 4 bed /2bth split floorpan. Kitchen opens up to a living space, perfect for entertaining. Great lots size with grass and low maintenance The park is walking distance and the community is so well cared for.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sonoma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
Sonoma Ranch Elementary School Primary Regular 510 36 8
Greenfield Junior High School Middle Regular 917 44 9
Gilbert High School High Regular 2,470 113 7

Sonoma Ranch Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 36
8
GreatSchools Rating

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Gilbert High School

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

$376,110$459,690$417,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,452
Property Tax -$246
Property Insurance -$72
HOA -$31
Property Management Fees -$99
CASH FLOW
$41

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.

$417,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,494

INVESTMENT

$116,494

Down Payment
$104,475
Rehab Estimate
$5,750
Closing Costs
$6,269

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,452

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,475
Loan Amount $313,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$26,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9403$1,9504$2,0005$2,450
$2,450
RENT COMPS ANALYSIS
  • 1801 E Campbell Avenue Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.85
    •  
  • 844 N Granite Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 1767 E Redfield Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 1445 E Laurel Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1992
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 1625 E Heather Avenue Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173973
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy