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4253 E Pony Lane Gilbert, AZ 85295

3 Beds 4 Baths 2,088 sqft Built 2015

$369,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $177.16
  • 4 Days on Market
  • MLS # : 6179644
  • Updated Date : 01/14/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,088 sqft
  • Baths : 3 full , 1 half
Listing Agent

Anglin Properties Llc

Listing Agent's Description

Amazing home with personal touches waiting for you in the heart of south Gilbert. Minutes away from the 202, Phoenix-Mesa gateway airport, San Tan Village, great schools, & so much more. Tile flooring through all the main living & walking areas for an elegant look and easy clean up. The great room has a wall of glass, built in shelves and an electric fireplace that bring the room together. A cozy side yard with plenty of room to relax and pergola to provide that extra shade. The kitchen features a double oven and stainless steel appliances. The Master bedroom has a balcony, his and her closets and an office that makes it so you won't want to leave your room. This is a beautiful home that won't last long, so come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8521981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

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

$332,910$406,890$369,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,285
Property Tax -$255
Property Insurance -$68
HOA -$100
Property Management Fees -$99
CASH FLOW
$203

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.

$369,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$37,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8953$2,0004$2,0105$2,050
$2,050
RENT COMPS ANALYSIS
  • 4253 E Pony Lane Gilbert, AZ 4
    • 3 beds 4 baths ∙ 2,088 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,088 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.96
    •  
  • 4220 E Erie Street Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.88
    •  
  • 4337 E Erie Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.98
    •  
  • 4135 E Erie Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 4379 E Pony Lane Gilbert, AZ 5
    • 3 beds 4 baths ∙ 2,029 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,029 Sqft ∙ Built 2016
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
PROPERTY LISTING DETAILS
Andrew P Southwick
Anglin Properties Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179644
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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