1038 S 38th StMesaAZ85206
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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
Rental property for sale in Mesa at 1038 S 38th St, Mesa, AZ, 85206 generates $3,178/mo in rent, after a $3,989/mo payment. Total monthly income is $3,178/mo. Return on cash invested sits at 12.72% in year one, and rental yield is 4.68% on a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 63.91% and total cumulative return in cash sums $171,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,178/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85206, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,893 (100%) |
| Owner Occupied HU | 11,450 (54.8%) |
| Renter Occupied HU | 5,261 (25.2%) |
| Vacant Housing Units | 4,182 (20.0%) |
| Median Home Value | $389,695 |
| Average Home Value | $419,820 |
Housing Distribution
Address Breakdown
Residential
18,415
Single Family
11,354
Multi-Family
7,061
Businesses
1,126
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