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222 W Brown Road #89 Mesa, AZ 85201

2 Beds 2 Baths 1,152 sqft Built 1981

$189,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $164.84
  • 2 Days on Market
  • MLS # : 6163629
  • Updated Date : 11/21/2020 at 15:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,152 sqft
  • Baths : 1 full , 1 half
Listing Agent

Weichert, Realtors - Courtney Valleywide

Listing Agent's Description

This very well maintained and upgraded townhome is located near all your amenities, close to the freeway for quick easy access anywhere, and move in ready. Owners have taken great care of the propety and made some upgrades along the way.View it while you can, it won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7871567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Westwood High School High Regular 3,131 145 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Westwood High School

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

$170,910$208,890$189,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$701
Property Tax -$99
Property Insurance -$50
HOA -$215
Property Management Fees -$99
CASH FLOW
-$43

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.

$189,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$7,671

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
  • $1,233

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,1754$1,1955$1,195
$1,195
RENT COMPS ANALYSIS
  • 222 W Brown Road #89 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30 E Brown Road #2044 Mesa, AZ 2
    • 2 beds 2 baths ∙ 981 Sqft ∙ Built 1982 2 beds 2 baths ∙ 981 Sqft ∙ Built 1982
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.07
    •  
  • 930 N Mesa Drive #2081 Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1986
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.09
    •  
  • 837 N Revere Street #a Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.14
    •  
  • 1505 N Center Street #121 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 2001
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jeff Christian
Weichert, Realtors - Courtney Valleywide
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163629
Last Updated: 11/21/2020
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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