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1915 S Ponderosa Drive Gilbert, AZ 85295

5 Beds 4 Baths 4,322 sqft Built 2014

$615,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $142.30
  • 4 Days on Market
  • MLS # : 6157917
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,322 sqft
  • Baths : 4 full
Listing Agent

Austin Fleck Property Management

Listing Agent's Description

Don't miss this spacious beautiful home on a huge lot! Beautiful kitchen with gas appliances. Great downstairs living spaces for entertaining. Mother in law bedroom/full bath downstairs. Two Story with beautiful staircase leading upstairs to 4 bedrooms and 3 full bathrooms and large laundry room. Jack and Jill bathroom for two of the upstairs bedrooms. Large loft for family time. Plenty of storage space throughout the home. Storage cabinets in 3 car tandem garage. 3 Community pools/ one is heated at main clubhouse. Great location, close to popular restaurants, parks and shopping. This home has it all.

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
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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,269
Property Tax -$420
Property Insurance -$111
HOA -$60
Property Management Fees -$99
CASH FLOW
-$89

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.

$615,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.47%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$32,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $3,414

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8703$3,6004$3,900
$3,900
RENT COMPS ANALYSIS
  • 1915 S Ponderosa Drive Gilbert, AZ 2
    • 5 beds 4 baths ∙ 4,322 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,322 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.66
    •  
  • 2124 S Stuart Avenue Gilbert, AZ 1
    • 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
    •  
  • 2973 E Austin Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 4,553 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,553 Sqft ∙ Built 2016
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.79
    •  
  • 4244 E Caroline Lane Gilbert, AZ 4
    • 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Brandie Michelle Freese
Austin Fleck Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157917
Last Updated: 11/13/2020
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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