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1616 W Bentley Street Mesa, AZ 85201

2 Beds 1 Baths 875 sqft Built 1961

$261,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $298.29
  • 2 Days on Market
  • MLS # : 6209954
  • Updated Date : 03/20/2021 at 20:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 875 sqft
  • Baths : 1 full
Listing Agent

Red Brick Realty, Llc

Listing Agent's Description

Open House 3/20 from 12:00 PM- 3 PM!Refrigerator, Washer, Dyer, Alarm System, Security Cameras, Smart Thermostat, Door Bell, and Dining Chandelier DO NOT CONVEY.Offers due by 3.26.21!Seller prefers appraisal waivers.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa Mesa

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Casa Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

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

$234,900$287,100$261,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$907
Property Tax -$135
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$195

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.

$261,000

PROJECTED PRICE

$990

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$74,915

INVESTMENT

$74,915

Down Payment
$65,250
Rehab Estimate
$5,750
Closing Costs
$3,915

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,250
Loan Amount $195,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,388

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
  • $1,054

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9953$1,2004$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 1616 W Bentley Street Mesa, AZ 1
    • 2 beds 1 baths ∙ 875 Sqft ∙ Built 1961 2 beds 1 baths ∙ 875 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 540 N May Street #1109 Mesa, AZ 2
    • 2 beds 1 baths ∙ 891 Sqft ∙ Built 1980 2 beds 1 baths ∙ 891 Sqft ∙ Built 1980
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.12
    •  
  • 633 N May Street #15 Mesa, AZ 3
    • 2 beds 2 baths ∙ 936 Sqft ∙ Built 1979 2 beds 2 baths ∙ 936 Sqft ∙ Built 1979
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.28
    •  
  • 540 N May -- #3097 Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1980
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.21
    •  
  • 540 N May -- #1065 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1980
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.21
    •  
PROPERTY LISTING DETAILS
Ariana R Jaynes
Red Brick Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209954
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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