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9324 E Calypso Avenue Mesa, AZ 85208

4 Beds 2 Baths 1,462 sqft Built 1997

$291,700

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $199.52
  • 4 Days on Market
  • MLS # : 6186616
  • Updated Date : 01/31/2021 at 04:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Immaculately maintained, beautiful 4-bedroom home in the desirable Wynstone Cross community! Great curb appeal & no neighbors behind. Laminate wood flooring throughout (no smelly carpet). Kitchen with granite countertops and counter space for breakfast bar setup overlooking spacious dining area & family room. Mountain views from the backyard. Four mounted security cameras with Arlo Video Doorbell to convey. Free-standing Fireplace and Wall-mount TV DO NOT CONVEY! Convenient to Freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wynstone Crossings

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Wynstone Crossings

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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$262,530$320,870$291,700

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,013
Property Tax -$172
Property Insurance -$56
HOA -$44
Property Management Fees -$99
CASH FLOW
-$94

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.

$291,700

PROJECTED PRICE

$1,290

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,051

INVESTMENT

$83,051

Down Payment
$72,925
Rehab Estimate
$5,750
Closing Costs
$4,376

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,013

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,925
Loan Amount $218,775
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,4954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9324 E Calypso Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.88
    •  
  • 9410 E Edgewood Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 8927 E Crescent Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
  • 10065 E Capri Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 10129 E Carmel Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Carla England
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186616
Last Updated: 01/31/2021
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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