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3950 E Campbell Avenue Gilbert, AZ 85234

4 Beds 2 Baths 1,685 sqft Built 1997

$379,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $224.93
  • 2 Days on Market
  • MLS # : 6194079
  • Updated Date : 02/13/2021 at 19:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home! This 4 Bed/2 Bath home offers great value in a quiet neighborhood surrounded by Gilbert's Top Rated schools. Your new home offers: granite counter tops in the kitchen with stainless steel appliances. tile in all high traffic areas, carpet in bedrooms, Kitchen is open to the great room, separated living room as you enter the home. You master en suite offers custom shower with double sinks. North South facing. Easy access to freeways, shopping, dining and entertainment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Dorado at the Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: El Dorado at the Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9561981

* 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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Highland Jr High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Highland Jr High School

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

$341,100$416,900$379,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,316
Property Tax -$225
Property Insurance -$60
HOA -$42
Property Management Fees -$99
CASH FLOW
-$2

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.

$379,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7404$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 3950 E Campbell Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.03
    •  
  • 3971 E Pinon Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 3961 E Lexington Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 3950 E Heather Court Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 1997
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 4036 E Page Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
PROPERTY LISTING DETAILS
D Troy Holland
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194079
Last Updated: 02/13/2021
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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