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619 E Jensen Street #91 Mesa, AZ 85203

2 Beds 1 Baths 802 sqft Built 1984

$249,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $311.60
  • 4 Days on Market
  • MLS # : 6188609
  • Updated Date : 02/11/2021 at 15:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 802 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this tastefully remodeled SINGLE-FAMILY home with an open floor plan and a 2 CAR GARAGE! Wood-look flooring and tile throughout the home. Re-finished kitchen cabinets with quartz counters and stainless-steel appliances. Freshly painted interior and exterior. Upgraded bathroom with new light fixtures and quartz countertop. The beautiful paved patio with a brick charcoal grill and pergola makes this a perfect place for entertaining!! New roof in 2016, new AC in 2019, new dual pane windows, added insulation and cleaned ducts! Be sure to check out the beautiful community pool and spa! Easy access to the 202 and 101, close to the Athletics' spring training facility and just a short drive from Cubs' spring training at Sloan Park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park of the Canals

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Park of the Canals

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9581567

* 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
Kino Junior High School Middle Regular 1,020 49 3
Westwood High School High Regular 3,131 145 4

Kino Junior High School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 49
3
GreatSchools Rating

Westwood High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$868
Property Tax -$130
Property Insurance -$43
HOA -$69
Property Management Fees -$99
CASH FLOW
-$149

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.

$249,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.42%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $722

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$875
1$8752$9253$1,060
$1,060
RENT COMPS ANALYSIS
  • 619 E Jensen Street #91 Mesa, AZ 3
    • 2 beds 1 baths ∙ 802 Sqft ∙ Built 1984 2 beds 1 baths ∙ 802 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $1.32
    •  
  • 860 E Brown Road #6 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.88
    •  
  • 860 E Brown Road #48 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Johannes Rath
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188609
Last Updated: 02/11/2021
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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