Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7006 E Jensen Street #104 Mesa, AZ 85207

3 Beds 2 Baths 1,446 sqft Built 1988

$289,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $200.48
  • 2 Days on Market
  • MLS # : 6194135
  • Updated Date : 02/13/2021 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Superlative Realty

Listing Agent's Description

Excellent 3 bedroom 2 bath townhome with a 2 car garage in the highly desirable Moondance community. Vaulted ceilings, generous sized great room, tile flooring and skylights for an abundance of natural light. Spacious kitchen with breakfast bar, walk-in pantry and bay window. Split floor plan, large master bedroom with beautiful master bath with dual sinks. Enjoy relaxing in the charming backyard with covered patio. New carpet and paint 2021, new AC in 2019 with 10 year warranty, new windows with transferable lifetime warranty. Landscaping redone in 2020 including auto drip system. The beautiful community offers a heated pool and spa! Restaurants, shopping, and 202 Loop access are minutes away. Must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moondance Townhouses

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $86k358k

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

Neighborhood: Moondance Townhouses

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10291981

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating

Red Mountain High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,007
Property Tax -$150
Property Insurance -$55
HOA -$60
Property Management Fees -$99
CASH FLOW
-$2

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.

$289,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4503$1,5454$1,7955$1,799
$1,799
RENT COMPS ANALYSIS
  • 7006 E Jensen Street #104 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.95
    •  
  • 7218 E Kenwood Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 7230 E Knoll Street Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1999
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.08
    •  
  • 7236 E Melrose Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.12
    •  
  • 1625 N 74th Place Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1993
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jeanne Byrnes
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194135
Last Updated: 02/13/2021
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.

BESbswy