1162 N Harris DrMesaAZ85203
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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 1162 N Harris Dr, Mesa, AZ, 85203 offers $3,217/mo rent that, after a $2,477/mo payment, leaves $226/mo cash flow. Total monthly income is $3,217/mo, and annual cash flow is $2,707/yr on $166,474 cash. Return on cash invested measures 21.69% in year one, and rental yield stands at 7.63% at a $506,000 entry. Equity gained on principal adds $3,265/yr while 5% annual appreciation compounds into $139,798 by year five. Five-year ROI records 111.99% and total cumulative return in cash reaches $186,428. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $2,477/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,475 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85203, Mesa, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,569 (100%) |
| Owner Occupied HU | 7,917 (58.3%) |
| Renter Occupied HU | 5,053 (37.2%) |
| Vacant Housing Units | 599 ( 4.4%) |
| Median Home Value | $478,526 |
| Average Home Value | $554,456 |
Housing Distribution
Address Breakdown
Residential
13,537
Single Family
9,148
Multi-Family
4,389
Businesses
664
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Listed by: Jessika Hunter • Redfin Corporation
Mls Name: ARMLS
Mls Provider:
Mls ID: #6766213
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