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929 N Thunderbird Avenue Gilbert, AZ 85234

3 Beds 2 Baths 2,619 sqft Built 2003

$529,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $202.33
  • 4 Days on Market
  • MLS # : 6164407
  • Updated Date : 11/27/2020 at 15:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,619 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

The ultimate Christmas present for your entire family, this is Gilbert living at its finest. This single story home features excellent curb appeal, a backyard paradise, all on almost 11,000 SF. You'll love the split floorplan, low maintenance, durable flooring and the countless upgrades! From the stain glass windows at the entry to the updated color scheme to the white cabinets throughout, you'll appreciate the care and attention to detail. Tone Ranch Estates is a wonderful, quiet neighborhood, situated near US-60, tons of dining and shopping and some of Arizona's best schools! The subdivision includes 2 grassy parks and a playground for the littles. What an opportunity to settle in to arguably the best part of Gilbert. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tone Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k468k

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

Neighborhood: Tone Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10362435

* 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
Pioneer Elementary School Primary Regular 539 36 8
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 36
8
GreatSchools Rating

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
 

$476,910$582,890$529,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,955
Property Tax -$314
Property Insurance -$78
HOA -$80
Property Management Fees -$99
CASH FLOW
-$297

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.

$529,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,521

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,3503$2,3504$2,4005$2,540
$2,540
RENT COMPS ANALYSIS
  • 929 N Thunderbird Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.85
    •  
  • 3441 E Weather Vane Road Gilbert, AZ 2
    • 4 beds 4 baths ∙ 2,367 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,367 Sqft ∙ Built 2009
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 1256 N Banning Street Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
  • 3150 E San Angelo Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 981 N Balboa Drive Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.97
    •  
PROPERTY LISTING DETAILS
Andrew Cooper
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164407
Last Updated: 11/27/2020
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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