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2860 E Camellia Drive Gilbert, AZ 85296

4 Beds 4 Baths 3,714 sqft Built 2005

$739,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $199.22
  • 50 Days on Market
  • MLS # : 6163770
  • Updated Date : 01/05/2021 at 03:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,714 sqft
  • Baths : 3 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Pristine Basement residence in the highly coveted Agritopia Gilbert Neighborhood. This a must-see 4 Bed 3.5 Bath detached Casita 2 car garage 3998 (including casita) square foot home situated on a large 9018 sq ft private lot complete with UPGRADES GALORE! **TREE LINED STREETS** **SITTING FRONT PORCH** **CUSTOM TILE** **SPACIOUS FAMILY ROOM** **GAS FIREPLACE** **RECESSED LIGHTING** **STAINLESS STEEL APPLIANCES** **GRANITE COUNTERTOPS** **PENDANT LIGHTING** **EAT-IN KITCHEN** **SPACIOUS MASTER ON FIRST FLOOR** **HUGE BASEMENT** **LARGE BEDROOMS** **SPACIOUS BACK YARD** **PEBBLE SHEEN STYLE POOL** **POOL WATER FEATURE** **SYNTHETIC GRASS** **CUSTOM PAVER COOL DECKING** **NO NEIGHBORS BEHIND PROPERTY** **COVERED PATIO** **DETACHED CASITA** **COMMUNITY POOL AND PARKS**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Agritopia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Agritopia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362215

* 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
Higley Traditional Academy Primary Regular 645 29 9
Higley Traditional Academy Middle Regular 645 29 9
Williams Field High School High Regular 1,705 64 7

Higley Traditional Academy

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Higley Traditional Academy

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Williams Field High School

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

$665,910$813,890$739,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,570
Property Tax -$505
Property Insurance -$100
HOA -$49
Property Management Fees -$99
CASH FLOW
-$923

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.

$739,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$269

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
  • $2,433

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2860 E Camellia Drive Gilbert, AZ 1
    • 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2925 E Cathy Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,597 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,597 Sqft ∙ Built 2000
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.64
    •  
  • 1020 S Roles Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,597 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,597 Sqft ∙ Built 2000
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.64
    •  
  • 716 S Parkcrest Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.64
    •  
  • 2124 S Stuart Avenue Gilbert, AZ 5
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.70
    •  
PROPERTY LISTING DETAILS
Frank Gerola
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163770
Last Updated: 01/05/2021
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.

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