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 #165 Mesa, AZ 85207

2 Beds 2 Baths 1,362 sqft Built 1987

$249,700

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $183.33
  • 3 Days on Market
  • MLS # : 6165369
  • Updated Date : 11/27/2020 at 16:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,362 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautifully renovated 1362 sq ft townhome w/large private backyard. This spacious layout lives large & is in immaculate condition! New wood-look tile flooring & carpet w/upgraded pad & new paint, all in grey tones. Renovated kitchen w/beautiful granite counters & new appliances incl garbage disposal. Baths have been upgraded with new granite and paint. Roof & A/C new in 2014 & new water heater in 2012. This home is for the pickiest of shoppers & will not disappoint! Spacious & private backyard w/citrus trees & covered patio. Steps from pool in wonderful Moondance community w/RV parking available for a low monthly fee of $50. Close to sports incl golf, Saquaro Lake for boating, hiking, biking, 4 wheeling. Shopping, easy access to Loop 202, US 60, Sky Harbor & Mesa Gateway Airport.

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 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

Fremont Junior High School

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

$224,730$274,670$249,700

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$921
Property Tax -$130
Property Insurance -$54
HOA -$60
Property Management Fees -$99
CASH FLOW
-$124

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.

$249,700

PROJECTED PRICE

$1,140

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$100k$200k$300k$400k$500k$600k$700k$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,921

INVESTMENT

$71,921

Down Payment
$62,425
Rehab Estimate
$5,750
Closing Costs
$3,746

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,425
Loan Amount $187,275
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,342

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4454$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 7006 E Jensen Street #165 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2151 N Recker Road Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.04
    •  
  • 6262 E Nance Street Mesa, AZ 3
    • 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
    •  
  • 6720 E Encanto Street #5 Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 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
Amy Laidlaw
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165369
Last Updated: 11/27/2020
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.

BESbswy