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547 N Ashland -- 
Mesa, AZ
85203
4 Beds 3 Baths 2,100 sqft
Built 1950
INVESTimate
$274,900
List Price
$78,599
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PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $130.90
- 3 Days on Market
- MLS # : 6122070
- Updated Date : 08/24/2020 at 17:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,100 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Very hard to find four bedroom, three bath home in Central Mesa. Come check out this 2100 square foot home. Here is so much this home has to offer. There is a large workshop in the backyard also!!
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PRICE & RENT TRENDS
Neighborhood: Ashland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$143 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$196
|
||
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.
$274,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
9.42
YEARS SAVED
$41,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
547 N Ashland -- Mesa, 3
- 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1950
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.72
-
120 S Lebaron -- Mesa, 1
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1955
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.82
-
1538 E Clover -- Mesa, 2
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963
![property image]()
LEASED 12/07/19- Rent
- Rent Per SQFT
- $1,499
- $0.82
-
466 E 10th Place Mesa, 4
- 5 beds 2 baths ∙ 1,967 Sqft ∙ Built 1970 5 beds 2 baths ∙ 1,967 Sqft ∙ Built 1970
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
61 S Temple Street Mesa, 5
- 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1948
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122070
Last Updated: 08/24/2020
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.
