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2608 S Santa Barbara -- Mesa, AZ 85202

4 Beds 3 Baths 3,240 sqft Built 1982

$535,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $165.12
  • 3 Days on Market
  • MLS # : 6166358
  • Updated Date : 12/04/2020 at 12:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,240 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

BEAUTIFUL 4 BEDROOM, 3 BATH, POOL & HEATED SPA - 3200+SF / Located in the Popular COMMUNITY of LAGUNA SHORES at DOBSON RANCH / VAULTED CEILINGS & Large DOWNSTAIRS BEDROOM / 2 NEW LENNOX HVAC Units Installed this Year (20 SEER!!) / NEW ROOF (2014) / Spacious KITCHEN and FAMILY ROOM with Perfect Views of your Large Covered Patio & Oversized PEBBLE-TEC POOL & HEATED SPA (4 YR Old - VARIABLE SPEED Pool Motor & SPA HEATER) / Cool Decking (2020) / (**RECEIPTS IN DOCS TAB**) Formal DINING Room / 3 FIREPLACES: Master - Living & Family Rooms / MAIN BEDROOM Includes additional SITTING RM or WORK SPACE with NEW Outdoor DECK (2020) Overlooking your LARGE BACKYARD / Main Bath has SEPARATE SHOWER, TUB & Dual Sinks / EXTENDED LENGTH GARAGE has EPOXY FLOORING and Plenty of Room for Storage and Parking!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181705

* 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
Dobson High School High Regular 2,639 122 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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,974
Property Tax -$278
Property Insurance -$90
HOA -$15
Property Management Fees -$99
CASH FLOW
-$156

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.

$535,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$26,098

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
  • $2,819

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 2608 S Santa Barbara -- Mesa, AZ 1
    • 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6908 S Clark Drive Tempe, AZ 2
    • 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Christopher Broglia
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166358
Last Updated: 12/04/2020
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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