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2202 S Longwood -- Mesa, AZ 85209

3 Beds 2 Baths 1,338 sqft Built 1995

$399,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $298.88
  • 3 Days on Market
  • MLS # : 6209440
  • Updated Date : 03/26/2021 at 19:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Absolutely immaculate home situated on a oversized lot! Located in desired Superstition Springs, this 3 bed 2 bath will not disappoint. Huge resort style backyard featuring 8.5' deep Pebble Tec pool with water feature, covered porch with expansive paver patio, and still enough room for a large yard. Front and back yards completely landscaped. Walk into vaulted ceilings and inviting living room. Stainless steel appliances, granite countertops throughout, and plantation shutters. Master features dual vanity sink, separate tub and walk in shower. 3D 65'' TV with surround sound, Fridge/Washer/Dryer included with full price offer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k287k

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

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181588

* 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
Highland Jr High School Middle Regular 1,269 59 8
Desert Ridge High School High Regular 2,752 119 6
Highland Jr High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$359,910$439,890$399,900

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 -$1,389
Property Tax -$241
Property Insurance -$53
HOA -$13
Property Management Fees -$99
CASH FLOW
-$366

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,315

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5003$1,5504$1,6655$1,675
$1,675
RENT COMPS ANALYSIS
  • 2202 S Longwood -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.07
    •  
  • 6910 E Madero Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1996
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 7017 E Kessler Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 7206 E Lindner Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.99
    •  
  • 7160 E Lindner Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
PROPERTY LISTING DETAILS
Dustin R. Hintz
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209440
Last Updated: 03/26/2021
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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