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7006 E Jensen Street #114 Mesa, AZ 85207

2 Beds 2 Baths 1,339 sqft Built 1995

$267,800

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $200.00
  • 6 Days on Market
  • MLS # : 6207973
  • Updated Date : 03/20/2021 at 06:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,339 sqft
  • Baths : 2 full
Listing Agent

Kimberley Wimberley Real Estate

Listing Agent's Description

2 bed/2 bath townhouse. Good size family room, kitchen, dining, indoor laundry. Single story. Sky lights add lots of natural light. Covered patio. Low maintenance desert landscape in front and back. Washer/Dryer included. Newer dishwasher and disposal. Relax in the private above ground spa in back yard or take a short walk to Community Pool/Spa. Close to shopping, dining, bus stop. Additional parking for RV available through HOA.

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
 

$241,020$294,580$267,800

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$930
Property Tax -$139
Property Insurance -$53
HOA -$60
Property Management Fees -$99
CASH FLOW
-$41

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.

$267,800

PROJECTED PRICE

$1,240

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,717

INVESTMENT

$76,717

Down Payment
$66,950
Rehab Estimate
$5,750
Closing Costs
$4,017

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$930

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,950
Loan Amount $200,850
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,332

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2493$1,4004$1,4455$1,495
$1,495
RENT COMPS ANALYSIS
  • 7006 E Jensen Street #114 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,339 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,339 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.93
    •  
  • 2625 N Recker Road #3 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1996
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.96
    •  
  • 6140 E Minton Place Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 1979
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 6262 E Nance Street Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.98
    •  
  • 7006 E Jensen Street #62 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,481 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,481 Sqft ∙ Built 1995
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kimberley Wimberley
Kimberley Wimberley Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207973
Last Updated: 03/20/2021
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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