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2999 E Tyson Court Gilbert, AZ 85295

5 Beds 2 Baths 2,232 sqft Built 2000

$429,999

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $192.65
  • 4 Days on Market
  • MLS # : 6156626
  • Updated Date : 11/05/2020 at 13:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,232 sqft
  • Baths : 2 full
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

Look no further, you just found your dream home! This spacious one story features an open floor plan, vaulted ceilings, 5 bed, 2 bath, tons of natural light, and neutral color palette . Updated kitchen offers staggered cabinets, stainless steel appliances, double oven, breakfast bar, and walk-in pantry. You will love the oversized primary retreat including private exit to the peaceful backyard . The grassy backyard features a covered patio, auto water timers, easy to maintain landscaping and has plenty of room to escape teh day and play. Yard is completely private and is surrounded by one stories. Best location in Gilbert with easy access to the 202 and minutes to San Tan Village shopping & Phx-Mesa Gateway Airport. Stop by today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crossroads

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Crossroads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Chaparral Elementary School Primary Regular 859 47 8
Chaparral Elementary School Middle Regular 859 47 8
Williams Field High School High Regular 1,705 64 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Williams Field High School

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

$386,999$472,999$429,999

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,587
Property Tax -$294
Property Insurance -$71
HOA -$48
Property Management Fees -$99
CASH FLOW
-$288

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.

$429,999

PROJECTED PRICE

$1,810

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.9%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,499
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,486

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
  • $1,959

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8703$2,0454$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 2999 E Tyson Court Gilbert, AZ 1
    • 5 beds 2 baths ∙ 2,232 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,232 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2989 E Dublin Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2007
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.87
    •  
  • 3522 E Tulsa Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2012
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.87
    •  
  • 2681 E Clifton Avenue Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 3643 E Perkinsville Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
PROPERTY LISTING DETAILS
Natalie Licea
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156626
Last Updated: 11/05/2020
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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