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2407 W Osborn Road Phoenix, AZ 85015

2 Beds 1 Baths 936 sqft Built 1956

$279,900

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $299.04
  • 4 Days on Market
  • MLS # : 6175981
  • Updated Date : 12/31/2020 at 23:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 full
Listing Agent

Market Edge Realty, Llc

Listing Agent's Description

2 Bedroom 1 bath home at 19th Ave and Indian School! Fresh paint and brand new carpet and appliances!This home is a single story with tile and laminate throughout. Ceiling fans in all bedrooms and living room. The home has stucco walls, shingle roof, storage shed with washer/dryer hook up, covered patio, and a one car carport. Inside features a kitchen, family room, 2 bedrooms, and one bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Siesta Terrace

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Siesta Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8231567

* 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
Heard School Primary Regular 661 33 2
Heard School Middle Regular 661 33 2
Central High School High Regular 2,251 136 3

Heard School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 33
2
GreatSchools Rating

Heard School

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 33
2
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$1,033
Property Tax -$141
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$279

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.

$279,900

PROJECTED PRICE

$1,040

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,249

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
  • $938

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8493$9504$9955$995
$995
RENT COMPS ANALYSIS
  • 2407 W Osborn Road Phoenix, AZ 1
    • 2 beds 1 baths ∙ 936 Sqft ∙ Built 1956 2 beds 1 baths ∙ 936 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2333 W Glenrosa Avenue #104 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 816 Sqft ∙ Built 1974 2 beds 1 baths ∙ 816 Sqft ∙ Built 1974
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $849
    • $1.04
    •  
  • 2132 W Glenrosa Avenue #d78 Phoenix, AZ 3
    • 2 beds 1 baths ∙ 992 Sqft ∙ Built 1974 2 beds 1 baths ∙ 992 Sqft ∙ Built 1974
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.96
    •  
  • 2427 W Turney Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,023 Sqft ∙ Built 1949 2 beds 1 baths ∙ 1,023 Sqft ∙ Built 1949
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.97
    •  
  • 2132 W Glenrosa Avenue #b78 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1975 2 beds 2 baths ∙ 960 Sqft ∙ Built 1975
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jennie Miller
Market Edge Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175981
Last Updated: 12/31/2020
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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