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4060 E Calypso Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,741 sqft Built 1979

$299,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $172.26
  • 5 Days on Market
  • MLS # : 6177534
  • Updated Date : 01/09/2021 at 02:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,741 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Remodeled home in Sunland Village, the best Value for Active Adult Living in the Valley. Sunland offers: Golf, Pickelball, Tennis, Swimming, Walking and Biking paths, New Gym and workout area, Billiards, Cards, Wood and Metal shop, Crafts, Jewelry, Stained Glass, Clubs, entertainment and more... LARGE 2 bedroom home is move-in ready. New designer paint, NO popcorn ceilings, Newer Kitchen, New floors, Triple and Dual Pane Windows, LED Lighting and Fans. Oversized garage with work area or golf cart storage. Large corner lot with low maintenance landscaping, sheds and more. The EV offers hiking, boating, kayaking, fishing in the Superstitions Mountains and Saguaro Lake areas. All furniture is less than 2 years old and can be purchased furnished including a Golf Cart for $10k more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sunland Village

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
Mesa High School High Regular 3,406 155 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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,042
Property Tax -$204
Property Insurance -$61
HOA -$4
Property Management Fees -$99
CASH FLOW
$60

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.

$299,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,703

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
  • $1,549

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,300
$1,300
RENT COMPS ANALYSIS
  • 4060 E Calypso Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,741 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,741 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5056 E Enid Avenue Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.87
    •  
  • 4115 E Clovis Avenue Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bradley M. Sikes
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177534
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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