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225 N Standage -- #86 Mesa, AZ 85201

2 Beds 3 Baths 1,608 sqft Built 1967

$235,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $146.14
  • 4 Days on Market
  • MLS # : 6166410
  • Updated Date : 12/03/2020 at 12:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,608 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home to this charming 2 bed, 2.5 bathroom Townhome in Mesa! This home features a wonderful open floorplan with tons of natural light! Throughout the home, there are durable laminate wide plank wood floors and beautiful tile in the kitchen, dining area and bathrooms. Your kitchen showcases ample cabinet space, matching wood blinds on the windows, granite countertops and matching appliances! The two master bedrooms are both spacious and feature walk-in closets! Each bedroom has it's own master bathroom and there is a half-bath downstairs for guests! The back patio features beautiful landscaping and space to sit and relax in the shade. The home is an end unit that is adjacent to a large greenspace and close by the community pool. Additional upgrades include black-out cellular shades

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesa Madrid

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $66k271k

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

Neighborhood: Mesa Madrid

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$867
Property Tax -$122
Property Insurance -$59
HOA -$180
Property Management Fees -$99
CASH FLOW
$13

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.

$235,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
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$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,340
$1,340
RENT COMPS ANALYSIS
  • 225 N Standage -- #86 Mesa, AZ 3
    • 2 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967 2 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.83
    •  
  • 205 N Lebaron -- #102 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1986
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 222 W Brown Road #43 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166410
Last Updated: 12/03/2020
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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