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1443 E Osborn Road #8 Phoenix, AZ 85014

3 Beds 4 Baths 1,980 sqft Built 2020

$449,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $226.77
  • 8 Days on Market
  • MLS # : 6152420
  • Updated Date : 11/02/2020 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Agency

Listing Agent's Description

Conveniently located in the heart of Midtown, this brand new construction community is close to the 51 freeway and downtown Phoenix. Osborn Urban features 8 spacious units that are available for purchase or lease purchase. Thoughtfully designed with 10 ft ceilings, quartz countertops, white maple shaker cabinets with black hardware, Whirlpool stainless steel appliances and vinyl wood plank flooring. Each residence features a 2 car garage and ground level office space which may be used as a 3rd bedroom. Top floor Primary suite includes an oversized walk-in closet, double sinks, large shower and balcony. These sleek beautiful townhomes include all appliances plus washer & dryer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashby Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k321k

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

Neighborhood: Ashby Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,657
Property Tax -$237
Property Insurance -$66
HOA -$150
Property Management Fees -$99
CASH FLOW
-$288

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$449,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,985

INVESTMENT

$120,985

Down Payment
$112,250
Rehab Estimate
$2,000
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,292

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,4504$2,4505$2,700
$2,700
RENT COMPS ANALYSIS
  • 1443 E Osborn Road #8 Phoenix, AZ 1
    • 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4140 N 21st Street #7 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2006
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 920 E Mitchell Drive #105 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 1443 E Osborn Road #1 Phoenix, AZ 4
    • 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.24
    •  
  • 920 E Mitchell Drive #102 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
PROPERTY LISTING DETAILS
Yvonne Matejka
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152420
Last Updated: 11/02/2020
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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