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2318 W Osage Avenue Mesa, AZ 85202

4 Beds 2 Baths 2,154 sqft Built 1978

$395,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $183.38
  • 3 Days on Market
  • MLS # : 6193393
  • Updated Date : 02/12/2021 at 16:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,154 sqft
  • Baths : 2 full
Listing Agent

O48 Realty

Listing Agent's Description

Lovely 4 bedroom home in Mesa with lots to offer. This home features an updated kitchen with all new appliances, granite counters with huge breakfast bar and tile flooring. Unique plan included dining room, family room and a bonus room. Wood & tile flooring in all the right places. Tons of storage and space! Covered carport with extra slab parking. Backyard has covered patio with fruit trees. Great location, close to Shopping, hospital and college. Must see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,372
Property Tax -$205
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$55

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.

$395,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,848

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
  • $1,944

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2318 W Osage Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2742 S Yucca -- Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1979
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 2342 W Naranja Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1979
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 2636 W Laguna Azul Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 2055 E Orion Street Tempe, AZ 5
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Tyler D Whitmore
O48 Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193393
Last Updated: 02/12/2021
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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