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3535 E Tyson Street Gilbert, AZ 85295

3 Beds 3 Baths 1,781 sqft Built 2010

$399,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $224.03
  • 4 Days on Market
  • MLS # : 6205528
  • Updated Date : 03/14/2021 at 03:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,781 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Where style, convenience & quality meet! This stunning home could be featured on an episode of HGTV! The basics consist of 3 bed, 2.5 bath, 2 ca ga, large entertainers dream patio, gourmet kitchen with island & front courtyard seating area. You will notice from the moment you arrive of the attention to detail that was used in design of this home. Ring camera, upgraded fixtures everywhere, H2O softener, R/O, no neighbors behind, luxury hot tub conveys, outdoor paradise patio, barn door bathroom separation from master bathroom, dog park, community pool, community playground, all appliances convey, custom designed wall in master bedroom and so much more! Located in one of the hottest area of Gilbert! You could ride bikes to San Tan Village...watch a movie @ Harkins Theatres, eat at The Keg!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9221981

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

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

$359,100$438,900$399,000

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 -$1,386
Property Tax -$272
Property Insurance -$62
HOA -$60
Property Management Fees -$99
CASH FLOW
-$139

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.

$399,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,639

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
  • $0.98

    LIST RENT PER SQFT
  • $1,741

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7403$1,7754$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3535 E Tyson Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.98
    •  
  • 3539 E Oakland Street Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2011
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 3504 E Tyson Street Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.00
    •  
  • 2242 S Ponderosa Drive Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2012
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 2221 S Ponderosa Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2012
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
David R Fuller
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205528
Last Updated: 03/14/2021
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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