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7006 E Jensen Street #21 Mesa, AZ 85207

2 Beds 2 Baths 1,446 sqft Built 1987

$289,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $199.86
  • 6 Days on Market
  • MLS # : 6180015
  • Updated Date : 01/13/2021 at 02:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

NO SHOWINGS UNITL 1/19This wonderful home has been fabulously remodeled top to bottom. You don't want to miss the opportunity to own this two bedroom, two bathroom townhome with a two-car garage. The interior has been completely repainted and is new and fresh. The eat-in kitchen has all brand new cabinets, quartz counter tops, appliances and a center island. The bathrooms have also been nicely remodeled. There is new flooring throughout the home along with new lighting fixtures, ceiling fans and hardware. There is a large living area and a dining area, which makes for a great entertaining space. The bedrooms are split and there is a separate laundry room with a brand new washer and dryer. There is a covered back patio for enjoying our Arizona weather. This home is truly move in ready!

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,004
Property Tax -$150
Property Insurance -$55
HOA -$60
Property Management Fees -$99
CASH FLOW
$62

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.

$289,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.49%

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$14k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,356

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
  • $1,424

    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 #21 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,446 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,446 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
Shawn Camacho
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180015
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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