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4346 E Pony Lane Gilbert, AZ 85295

3 Beds 3 Baths 2,012 sqft Built 2016

$415,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $206.26
  • 2 Days on Market
  • MLS # : 6212490
  • Updated Date : 03/26/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 full , 1 half
Listing Agent

Omni Homes International

Listing Agent's Description

No showings until 2pm Friday. 2016 built, move in ready home in wonderful Gilbert location. Close to San Tan Shopping Center, restaurants and the 202. Open spacious great room plan with large kitchen and plenty of counter space. Upstairs loft and great views from upstairs as well. Beautifully maintained community with pools and play area all at a low HOA fee.

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
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,441
Property Tax -$283
Property Insurance -$66
HOA -$100
Property Management Fees -$99
CASH FLOW
-$80

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.

$415,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.46%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7853$1,8954$1,9105$2,000
$2,000
RENT COMPS ANALYSIS
  • 4346 E Pony Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.95
    •  
  • 4085 E Vest Avenue Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2008
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 4340 E Toledo Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2017
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.88
    •  
  • 4337 E Erie Street Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.98
    •  
  • 4135 E Erie Street Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
PROPERTY LISTING DETAILS
Calvin Case
Omni Homes International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212490
Last Updated: 03/26/2021
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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