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1836 N Stapley Drive #136 Mesa, AZ 85203

2 Beds 2 Baths 966 sqft Built 1988

$255,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $263.98
  • 2 Days on Market
  • MLS # : 6206742
  • Updated Date : 03/13/2021 at 17:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 966 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Great opportunity to own this lock and leave or year around patio home in the beautiful Stapley Greens Neighborhood! Community pool, heated spa and meticulous front yard landscaping provided by the HOA. This 2BD/2BA home has custom travertine stone flooring, fresh paint, plantation shutters and a two car garage! Washer and Dryer are included along with a nearly new SS fridge. Make this cute patio home your own! Winter retreat or nice little low maintenance home. Great location that is close to the 202 freeway and the heart of Mesa.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stapley Greens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Stapley Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9351567

* 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
Stapley Junior High School Middle Regular 931 45 8
Westwood High School High Regular 3,131 145 4

Stapley Junior High School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 45
8
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$886
Property Tax -$132
Property Insurance -$46
HOA -$130
Property Management Fees -$99
CASH FLOW
-$133

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.

$255,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $882

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$875
1$8752$9253$1,1254$1,160
$1,160
RENT COMPS ANALYSIS
  • 1836 N Stapley Drive #136 Mesa, AZ 4
    • 2 beds 2 baths ∙ 966 Sqft ∙ Built 1988 2 beds 2 baths ∙ 966 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $1.20
    •  
  • 860 E Brown Road #6 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.88
    •  
  • 860 E Brown Road #48 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.93
    •  
  • 1505 N Center Street #230 Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.94
    •  
PROPERTY LISTING DETAILS
Russ Kort
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206742
Last Updated: 03/13/2021
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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