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9335 E Osage Avenue Mesa, AZ 85212

4 Beds 3 Baths 2,261 sqft Built 1999

$419,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $185.32
  • 3 Days on Market
  • MLS # : 6159608
  • Updated Date : 11/14/2020 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,261 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

WOW your friends with the LATEST IN INTERIOR DESIGNER STYLES with this brand new, no expense spared top-to-bottom REMODEL of high quality perfection.The perfect functional space, space, and more space. Family will love all the balance of OPEN CONCEPT - PRIVATE SPACES - TREMENDOUS STORAGE SPACE in this WELL-DESIGNED floorplan. From the quite ZOOM RM to the semi-private EXERCISE RM to the GAME RM to the OUTDOOR LIVING SPACE ... you have it all.The INVITING CURB APPEAL welcomes you home and draws you to the much-desired FRONT PORCH where you can relax & socialize w/neighbors. Enjoy this MOVE-IN READY 4 BR plus GAME RM plus BONUS FLEX RM ~2300sf home w/ North-South exposure in the fast growing 85212. Enter thru the front CUSTOM SECURITY door where you'll find a welcoming foyer & game rm

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Canyon Rim Elementary School Primary Regular 929 50 8
Canyon Rim Elementary School Middle Regular 929 50 8
Desert Ridge High School High Regular 2,752 119 6

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,546
Property Tax -$253
Property Insurance -$71
HOA -$17
Property Management Fees -$99
CASH FLOW
-$346

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$419,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$5,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6453$1,6954$1,6955$1,749
$1,749
RENT COMPS ANALYSIS
  • 9335 E Osage Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.73
    •  
  • 9042 E Plana Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2003
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.76
    •  
  • 9330 E Onza Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 3002 S 92nd Circle Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2000
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 8924 E Pampa Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.82
    •  
PROPERTY LISTING DETAILS
Betsy Mantlik
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159608
Last Updated: 11/14/2020
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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