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65 N Santa Barbara Drive Mesa, AZ 85201

4 Beds 2 Baths 1,482 sqft Built 2001

$299,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $201.75
  • 3 Days on Market
  • MLS # : 6194734
  • Updated Date : 02/19/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,482 sqft
  • Baths : 2 full
Listing Agent

Watermark Arizona Properties

Listing Agent's Description

NO HOA! Newer great room floor plan home with vaulted ceilings throughout and 4 over-sized bedrooms with 2 full baths. 4-car carport at the front and Two sheds, one at the front and one at the back, both with workbench and storage shelves. Stainless steel gas range in the eat-in kitchen. Huge master retreat. No carpet in this home. Just a few minutes' walk to the Light Rail. Ready for you to see and love.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Main

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: West Main

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,039
Property Tax -$155
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$61

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.

$299,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4103$1,4954$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 65 N Santa Barbara Drive Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,482 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,482 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.95
    •  
  • 540 N May -- #2130 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1981
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 2506 E Randall Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2006
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.03
    •  
  • 1406 W Main Street #105 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2018
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 2402 E 5th Street #1539 Tempe, AZ 5
    • 3 beds 3 baths ∙ 1,399 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,399 Sqft ∙ Built 2007
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
PROPERTY LISTING DETAILS
Marti Ann Sauers
Watermark Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194734
Last Updated: 02/19/2021
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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