111 S Greenfield Rd #324MesaAZ85206
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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 111 S Greenfield Rd #324, Mesa, AZ, 85206 generates $1,020/mo in rent and, after a $622/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $151/yr on $42,101 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 9.64% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash sums $45,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Manufactured
Built in 1988
1,990 sqft lot
$N/A/sqft
$769 quarterly 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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Listed by: Gordon Baker • RE/MAX Alliance Group
Mls Name: ARMLS
Mls Provider:
Mls ID: #6717142
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