2040 S Longmore UNIT 80MesaAZ85202
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mesa at 2040 S Longmore UNIT 80, Mesa, AZ, 85202 offers a 8.8% rental yield on a $265,000 purchase with $1,944/mo rent. 56% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 102.62% and total cumulative return in cash at $90,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,944/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1981
525 sqft lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85202, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,736 (100%) |
| Owner Occupied HU | 8,516 (43.1%) |
| Renter Occupied HU | 10,388 (52.6%) |
| Vacant Housing Units | 832 ( 4.2%) |
| Median Home Value | $415,460 |
| Average Home Value | $444,336 |
Housing Distribution
Address Breakdown
Residential
17,578
Single Family
9,608
Multi-Family
7,970
Businesses
984
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Listed by: Tara Jones • Opendoor Brokerage, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6755739
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010