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4449 E Towne Lane Gilbert, AZ 85234

3 Beds 2 Baths 1,308 sqft Built 1989

$350,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $267.58
  • 3 Days on Market
  • MLS # : 6203186
  • Updated Date : 03/07/2021 at 05:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,308 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Looking for an Investor or a buyer willing to keep the Tenants Until July 7, 2021. Nice home in a quiet and Clean neighborhood. Walking distance to schools. Nice great room with a Fireplace. Close to Freeways 202 & US 60 and Superstition Mall.Please wear masks when entering the home. The property will only be available to show ''SATURDAY & WEDNESDAY '' 12:00 PM to 5:00 PM

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Towne Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Towne Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Highland Jr High School Middle Unknown NA

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

Highland Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,216
Property Tax -$208
Property Insurance -$53
HOA -$7
Property Management Fees -$99
CASH FLOW
-$112

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.

$350,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,6004$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4449 E Towne Lane Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.12
    •  
  • 4756 E Laurel Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 4570 E Olive Court Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 4326 E Encinas Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1990
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 4721 E Laurel Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
PROPERTY LISTING DETAILS
Angel Trinidad
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203186
Last Updated: 03/07/2021
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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