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2745 S Ponderosa Drive Gilbert, AZ 85295

5 Beds 3 Baths 3,211 sqft Built 2001

$459,999

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $143.26
  • 12 Days on Market
  • MLS # : 6151231
  • Updated Date : 10/30/2020 at 11:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,211 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Stunning two story property located in the fabulous Chaparral Estates!! Inside you will find a nice size den and cozy living spaces that gives you endless possibilities of entertainment. The gourmet kitchen showcases plenty of cabinet/counter space and high-end appliances. You will love the enchanting master suite located upstairs which provides a full bath for all the privacy you'll need. Serene backyard offers green grass that can easily accommodate many different activities perfect to gather your friends. There isn't any neighbor behind to keep it very private! Don't wait any longer to book your showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chaparral Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chaparral Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671981

* 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
 

$413,999$505,999$459,999

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,697
Property Tax -$314
Property Insurance -$90
HOA -$18
Property Management Fees -$99
CASH FLOW
$22

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.

$459,999

PROJECTED PRICE

$2,240

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$0.0$5.0k$10k$15k$20k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $344,999
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,545

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,4504$2,4955$2,700
$2,700
RENT COMPS ANALYSIS
  • 2745 S Ponderosa Drive Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,211 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,211 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.70
    •  
  • 3101 E Boston Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2004
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 3287 E Geronimo Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2004
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 3938 E Remington Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,121 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,121 Sqft ∙ Built 2001
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
  • 3348 E Geronimo Court Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sabrina Raza
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151231
Last Updated: 10/30/2020
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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