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1856 S Ash Street Mesa, AZ 85202

4 Beds 3 Baths 2,058 sqft Built 1975

$434,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $211.32
  • 3 Days on Market
  • MLS # : 6196076
  • Updated Date : 02/20/2021 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cornerstone Property Services

Listing Agent's Description

Nice 4 bedroom Home with a pool on an interior lot in popular Park Place ! real hardwood flooring (Hickory) ! Kitchen has upgraded 42 inch ( knotty alder ) cabinets with glass feature, slab Granite counters, stainless steel and black appliances. Pebble-tec pool with waterfall. Most of house has low e Milgard windows. There is a room that is not included in square footage ( use as gym or a 5th bedroom for guest/office. Your going to Like it- !!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9551573

* 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
 

$391,410$478,390$434,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,511
Property Tax -$226
Property Insurance -$67
HOA -$12
Property Management Fees -$99
CASH FLOW
-$35

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.

$434,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,125

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
  • $2,068

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7973$1,8004$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 1856 S Ash Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2237 W Calle Iglesia Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1974
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,797
    • $1.02
    •  
  • 1726 S Henkel Circle Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 1305 W Isabella Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 1662 S Saguaro -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
David W. Zupancic
Cornerstone Property Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196076
Last Updated: 02/20/2021
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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