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5763 E Jensen Street Mesa, AZ 85205

3 Beds 2 Baths 1,749 sqft Built 1992

$374,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $214.35
  • 3 Days on Market
  • MLS # : 6159825
  • Updated Date : 11/13/2020 at 16:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Canam Realty Group

Listing Agent's Description

THIS ONE IS A MUST SEE!!! This 3 bedroom 2 bath home in Silverado at Alta Mesa is in a great location close to Restaurants, Golfing, Shopping and Freeways. This beauty of a home has a great open floor plan concept. A Large Kitchen with stainless steel appliances, Beautiful Crown Molding Cabinets and granite counter tops in the kitchen and bathrooms as well. Many other upgrades include ceiling fans, lighting, 2'' wood blinds, water softener, and a front security door. The Master Suite has an accent wall and direct access to the back yard. Dual vanity in the Master Bath. This 3 Car Garage has PLENTY of Cabinets to keep your garage organized. If you like pavers, this backyard is for you. There is a ton in this cozy backyard. Words can't say enough. THIS IS A MUST SEE!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k286k

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

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181662

* 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
Red Mountain High School High Regular 3,347 145 7

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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,383
Property Tax -$195
Property Insurance -$61
HOA -$6
Property Management Fees -$99
CASH FLOW
-$214

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.

$374,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5503$1,5954$1,6995$1,750
$1,750
RENT COMPS ANALYSIS
  • 5763 E Jensen Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 1738 N Pinnule -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 2329 N Recker Road #17 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1979
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 6309 E Ivyglen Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
  • 1743 N Seton -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2000
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159825
Last Updated: 11/13/2020
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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