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340 E Osborn Road #4 Phoenix, AZ 85012

3 Beds 4 Baths 2,441 sqft Built 2020

$669,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $274.07
  • 4 Days on Market
  • MLS # : 6177943
  • Updated Date : 01/08/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,441 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

LUXURY TOWNHOUSE JUST COMPLETED WITH INCREDIBLE QUALITY. BRICK-CLAD DRIVEWAY, UPSCALE CONTEMPORARY GARAGE AND ENTRY DOORS, THERMOPANE HERITAGE WINDOWS,ANDERSON POCKET DOORS TO PATIO & BALCONIES, GOURMET KITCHEN OFFERS EUROPEAN CABINETRY, QUARTZ COUNTERTOPS ,ZLINE APPLIANCES, AQUABOX WATERPROOF CABINETS W/ ITALIAN HARDWARE & TOP OF THE LINE APPLIANCES. QUARTZ COUNTERTOPS IN ALL BATHS & LAUNDRY ROOM. FLOATING VANITIES IN ALL BATHS. OWNERS SUITE HAS LARGE W/I CLOSET, LUXURY BATH AREA W/GLASS SINKS, FREESTANDING TUB & HI END CONTEMPORARY FAUCETS. WOOD & METAL STAIR BANISTERS,PORCELAIN WOOD TILE FLOORING. GUEST PARKING. CENTRAL PHOENIX LOCATION MINUTES FROM RESTUARANTS, SHOPPING, AND ALL AREAS OF TOWN.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85012

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k432k

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

Zip Code: 85012

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,324
Property Tax -$353
Property Insurance -$75
HOA -$70
Property Management Fees -$99
CASH FLOW
$270

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$669,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,285

INVESTMENT

$179,285

Down Payment
$167,250
Rehab Estimate
$2,000
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$68,337

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
  • $3,204

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,1955$3,350
$3,350
RENT COMPS ANALYSIS
  • 340 E Osborn Road #4 Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 920 E Mitchell Drive #102 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
  • 325 E Coronado Road #18 Phoenix, AZ 3
    • 3 beds 4 baths ∙ 2,150 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,150 Sqft ∙ Built 2016
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.30
    •  
  • 1831 E Montecito Avenue Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2018
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.32
    •  
  • 4202 N 18th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.41
    •  
PROPERTY LISTING DETAILS
Katherine J Wright
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177943
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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