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823 S Longwood Loop Mesa, AZ 85208

2 Beds 2 Baths 1,569 sqft Built 1962

$339,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $216.63
  • 3 Days on Market
  • MLS # : 6167647
  • Updated Date : 12/04/2020 at 17:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,569 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to Apache Country Club, a beautiful subdivision known for large bedrooms and plenty of storage. Centrally located in Mesa, close to medical, freeways, shopping and fine dining. A subdivision with mature landscaping, wide roads, a golf course winding through it, older homes in different stages from complete renovation to original you will find it all here. This home is in good condition but still needs some updating. Enter this home and the accent wall pops showing off the living area, eat-in kitchen area with sliding glass golf lookout. Small family room with fire place., den/office could be 3rd bedroom if needed. Enjoy your afternoons out back watching the wildlife enjoying the fruit trees and golfers hitting off the 3rd T box.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,254
Property Tax -$213
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$313

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.

$339,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,306

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3503$1,3504$1,3505$1,399
$1,399
RENT COMPS ANALYSIS
  • 823 S Longwood Loop Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,569 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,569 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.83
    •  
  • 248 N 65th Place Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,601 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,601 Sqft ∙ Built 1980
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 6238 E Butte Street Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6522 E Boston Street Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 6528 E Barstow Street Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.87
    •  
PROPERTY LISTING DETAILS
Katrina K Deist-zemar
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167647
Last Updated: 12/04/2020
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.

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